Lutz Financial Services LLC Acquires 377,454 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Lutz Financial Services LLC lifted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 201.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 565,267 shares of the company’s stock after buying an additional 377,454 shares during the period. Schwab U.S. Mid-Cap ETF comprises 1.3% of Lutz Financial Services LLC’s holdings, making the stock its 20th largest holding. Lutz Financial Services LLC owned approximately 0.39% of Schwab U.S. Mid-Cap ETF worth $15,664,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Advisory Alpha LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 195.3% in the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after buying an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the 4th 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 last quarter. Fragasso Financial Advisors Inc increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 201.2% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock worth $92,695,000 after buying an additional 2,234,519 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock worth $270,683,000 after buying an additional 82,365 shares during the last quarter. Finally, JMG Financial Group Ltd. increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 196.9% in the 4th quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock worth $79,854,000 after buying an additional 1,910,992 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 2.5 %

Shares of NYSEARCA:SCHM opened at $27.98 on Friday. The company has a market capitalization of $4.01 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.64 and a 12 month high of $30.28. The firm’s 50-day moving average is $28.46 and its 200 day moving average is $28.04.

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.