Sage Financial Group Inc. Purchases 555,618 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Sage Financial Group Inc. increased its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 201.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 831,800 shares of the company’s stock after purchasing an additional 555,618 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up 1.9% of Sage Financial Group Inc.’s portfolio, making the stock its 9th biggest position. Sage Financial Group Inc. owned 0.58% of Schwab U.S. Mid-Cap ETF worth $23,049,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHM. Bush Investment Group LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 0.5% during the third quarter. Bush Investment Group LLC now owns 128,379 shares of the company’s stock worth $10,667,000 after buying an additional 673 shares during the last quarter. Denver PWM LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 2.8% during the 3rd quarter. Denver PWM LLC now owns 204,460 shares of the company’s stock worth $16,989,000 after acquiring an additional 5,553 shares during the last quarter. Anchor Investment Management LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 1.6% during the third quarter. Anchor Investment Management LLC now owns 70,223 shares of the company’s stock valued at $5,835,000 after purchasing an additional 1,136 shares during the period. World Investment Advisors LLC increased its stake in Schwab U.S. Mid-Cap ETF by 10.5% in the third quarter. World Investment Advisors LLC now owns 7,893 shares of the company’s stock valued at $656,000 after purchasing an additional 747 shares in the last quarter. Finally, Synovus Financial Corp raised its holdings in Schwab U.S. Mid-Cap ETF by 100.0% in the third quarter. Synovus Financial Corp now owns 15,250 shares of the company’s stock worth $1,267,000 after purchasing an additional 7,626 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Down 0.5 %

Shares of NYSEARCA SCHM opened at $28.90 on Thursday. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.54 and a twelve month high of $30.28. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The company’s fifty day moving average is $28.75 and its 200-day moving average is $27.79.

Schwab U.S. Mid-Cap ETF Profile

The Schwab U.S. Mid-Cap ETF (SCHM) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks a market cap-weighted index of mid-cap stocks in the Dow Jones US Total Stock Market Index. SCHM was launched on Jan 13, 2011 and is managed by Charles Schwab.