Stratos Wealth Partners LTD. Acquires Shares of 16,781 Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Stratos Wealth Partners LTD. bought a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,781 shares of the company’s stock, valued at approximately $465,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHM. 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 lifted 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 in the last quarter. Fragasso Financial Advisors Inc boosted its stake in Schwab U.S. Mid-Cap ETF by 201.2% during 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 during the last quarter. Summit Financial Strategies Inc. grew its holdings in 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 in the last quarter. Finally, Gemmer Asset Management LLC increased its stake in Schwab U.S. Mid-Cap ETF by 209.9% in 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 during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM opened at $28.67 on Wednesday. The stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.64 and a 1 year high of $30.28. The business’s 50 day simple moving average is $28.60 and its 200-day simple moving average is $27.92.

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.