Strategic Financial Concepts LLC Makes New $1.11 Million Investment in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Strategic Financial Concepts LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 40,020 shares of the company’s stock, valued at approximately $1,109,000.

Other large investors have also made changes to their positions in the company. Allworth Financial LP grew its position in Schwab U.S. Mid-Cap ETF by 304.1% during the fourth quarter. Allworth Financial LP now owns 231,229 shares of the company’s stock worth $6,738,000 after buying an additional 174,011 shares during the period. Principal Securities Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 177.9% in the 4th quarter. Principal Securities Inc. now owns 22,563 shares of the company’s stock worth $625,000 after acquiring an additional 14,444 shares during the period. Everhart Financial Group Inc. increased its stake in Schwab U.S. Mid-Cap ETF by 160.8% in the 4th quarter. Everhart Financial Group Inc. now owns 127,591 shares of the company’s stock valued at $3,536,000 after purchasing an additional 78,672 shares in the last quarter. American Financial Advisors LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 198.6% during the fourth quarter. American Financial Advisors LLC now owns 11,079 shares of the company’s stock worth $307,000 after purchasing an additional 7,369 shares during the last quarter. Finally, Montag A & Associates Inc. raised its holdings in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Montag A & Associates Inc. now owns 6,642 shares of the company’s stock worth $184,000 after purchasing an additional 4,428 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Schwab U.S. Mid-Cap ETF stock opened at $29.07 on Wednesday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.64 and a fifty-two week high of $30.28. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The stock’s fifty day moving average is $28.50 and its two-hundred day moving average is $27.99.

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.