Fifth Third Securities Inc. Boosts Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Fifth Third Securities Inc. boosted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 176.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 402,253 shares of the company’s stock after buying an additional 256,561 shares during the period. Schwab U.S. Mid-Cap ETF accounts for approximately 0.9% of Fifth Third Securities Inc.’s portfolio, making the stock its 27th largest position. Fifth Third Securities Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $11,146,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SCHM. SOL Capital Management CO lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 201.3% during the fourth quarter. SOL Capital Management CO now owns 28,084 shares of the company’s stock valued at $778,000 after purchasing an additional 18,763 shares during the last quarter. Northeast Financial Group Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 197.1% during the fourth quarter. Northeast Financial Group Inc. now owns 777,252 shares of the company’s stock valued at $21,538,000 after purchasing an additional 515,647 shares during the last quarter. Sage Financial Management Group Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 198.5% during the fourth quarter. Sage Financial Management Group Inc. now owns 146,391 shares of the company’s stock valued at $4,056,000 after purchasing an additional 97,344 shares during the last quarter. Sage Financial Group Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 201.2% during the fourth quarter. Sage Financial Group Inc. now owns 831,800 shares of the company’s stock valued at $23,049,000 after purchasing an additional 555,618 shares during the last quarter. Finally, Capital Investment Advisory Services LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 198.2% during the fourth quarter. Capital Investment Advisory Services LLC now owns 11,578 shares of the company’s stock valued at $321,000 after purchasing an additional 7,696 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $29.20 on Friday. The firm has a 50 day moving average price of $28.75 and a 200-day moving average price of $27.79. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.54 and a 52-week high of $30.28. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

About Schwab U.S. Mid-Cap ETF

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.