Smith Moore & CO. Grows Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Smith Moore & CO. grew its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 197.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 58,207 shares of the company’s stock after acquiring an additional 38,607 shares during the period. Smith Moore & CO.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHM. Financial Engines Advisors L.L.C. raised its position in shares of Schwab U.S. Mid-Cap ETF by 129.1% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock valued at $1,646,017,000 after purchasing an additional 33,472,238 shares in the last quarter. HighTower Advisors LLC boosted its stake 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 valued at $279,249,000 after acquiring an additional 6,819,239 shares during the last quarter. Advisory Alpha LLC grew its holdings 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 acquiring an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc increased its position 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 purchasing an additional 2,804,735 shares during the last quarter. Finally, Fragasso Financial Advisors Inc raised its stake 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 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

NYSEARCA:SCHM opened at $23.64 on Friday. The stock has a 50-day simple moving average of $27.51 and a 200 day simple moving average of $28.08. Schwab U.S. Mid-Cap ETF has a one year low of $23.19 and a one year high of $30.28. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of 18.01 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a dividend of $0.0776 per share. The ex-dividend date of this dividend 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.