Clayton Financial Group LLC Raises Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Clayton Financial Group LLC boosted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 205.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 87,415 shares of the company’s stock after purchasing an additional 58,811 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for approximately 0.9% of Clayton Financial Group LLC’s investment portfolio, making the stock its 29th largest holding. Clayton Financial Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,422,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisory Alpha LLC boosted its position in Schwab U.S. Mid-Cap ETF by 195.3% during the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after purchasing an additional 3,782,365 shares during the period. Legacy Wealth Management Inc boosted its position in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after buying an additional 2,804,735 shares during the period. Fragasso Financial Advisors Inc grew its stake in shares of Schwab U.S. Mid-Cap ETF by 201.2% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after buying an additional 2,234,519 shares in the last quarter. Summit Financial Strategies Inc. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 194.9% during the 4th quarter. Summit Financial Strategies Inc. now owns 1,939,998 shares of the company’s stock valued at $53,757,000 after buying an additional 1,282,163 shares during the period. Finally, Gemmer Asset Management LLC lifted its position in Schwab U.S. Mid-Cap ETF by 209.9% during the 4th quarter. Gemmer Asset Management LLC now owns 1,516,709 shares of the company’s stock worth $42,028,000 after acquiring an additional 1,027,320 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 0.6 %

NYSEARCA SCHM opened at $28.81 on Wednesday. The stock has a market cap of $4.13 billion, a PE ratio of 16.47 and a beta of 1.09. The business has a 50 day moving average price of $28.70 and a two-hundred day moving average price of $27.84. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.54 and a fifty-two week high of $30.28.

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.