Principal Securities Inc. Purchases 14,444 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Principal Securities Inc. raised its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 177.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,563 shares of the company’s stock after purchasing an additional 14,444 shares during the period. Principal Securities Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $625,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after acquiring an additional 634 shares during the period. Geneos Wealth Management Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock worth $27,000 after acquiring an additional 640 shares during the period. Cordant Inc. raised its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Cordant Inc. now owns 1,089 shares of the company’s stock worth $30,000 after buying an additional 726 shares in the last quarter. Archer Investment Corp raised its position in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% in the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after buying an additional 393 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock worth $37,000 after buying an additional 882 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock opened at $28.69 on Friday. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.64 and a 52-week high of $30.28. The company has a market capitalization of $4.11 billion, a PE ratio of 16.47 and a beta of 1.09. The business’s fifty day moving average is $28.49 and its 200 day moving average is $28.02.

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.