WESCAP Management Group Inc. Increases Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

WESCAP Management Group Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 275.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 181,748 shares of the company’s stock after purchasing an additional 133,385 shares during the period. Schwab U.S. Mid-Cap ETF accounts for 1.2% of WESCAP Management Group Inc.’s investment portfolio, making the stock its 23rd largest position. WESCAP Management Group Inc. owned about 0.13% of Schwab U.S. Mid-Cap ETF worth $5,036,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Financial Engines Advisors L.L.C. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 129.1% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock worth $1,646,017,000 after buying an additional 33,472,238 shares in the last quarter. HighTower Advisors LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 209.3% during the 4th quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after acquiring an additional 6,819,239 shares during the period. Advisory Alpha LLC lifted its stake in 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 purchasing an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc boosted its holdings in 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 valued at $115,828,000 after purchasing an additional 2,804,735 shares during the period. Finally, Fragasso Financial Advisors Inc grew its position in shares of Schwab U.S. Mid-Cap ETF by 201.2% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after purchasing an additional 2,234,519 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Schwab U.S. Mid-Cap ETF stock opened at $26.31 on Wednesday. The stock has a market cap of $10.74 billion, a P/E ratio of 18.01 and a beta of 1.09. 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’s fifty day moving average price is $27.75 and its 200-day moving average price is $28.13.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were paid a $0.0776 dividend. The ex-dividend date was Wednesday, March 26th.

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.