Raymond James Trust N.A. Acquires 375 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Raymond James Trust N.A. grew its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 3.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,598 shares of the company’s stock after buying an additional 375 shares during the quarter. Raymond James Trust N.A.’s holdings in Schwab U.S. Mid-Cap ETF were worth $825,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SCHM. Creative Planning boosted its holdings in Schwab U.S. Mid-Cap ETF by 0.3% in the fourth quarter. Creative Planning now owns 10,259,228 shares of the company’s stock worth $772,725,000 after acquiring an additional 25,791 shares in the last quarter. Advisory Alpha LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 12.0% in the 1st quarter. Advisory Alpha LLC now owns 1,713,535 shares of the company’s stock worth $139,540,000 after acquiring an additional 183,375 shares during the last quarter. Fragasso Financial Advisors Inc lifted its position in Schwab U.S. Mid-Cap ETF by 6.7% in the 2nd quarter. Fragasso Financial Advisors Inc now owns 1,024,471 shares of the company’s stock valued at $79,735,000 after acquiring an additional 64,081 shares in the last quarter. Fragasso Group Inc. boosted its stake in Schwab U.S. Mid-Cap ETF by 0.4% during the 1st quarter. Fragasso Group Inc. now owns 960,390 shares of the company’s stock valued at $78,205,000 after purchasing an additional 3,920 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 1.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 645,119 shares of the company’s stock worth $50,210,000 after purchasing an additional 9,967 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of Schwab U.S. Mid-Cap ETF stock traded up $0.39 during trading on Monday, hitting $82.07. 43,783 shares of the company’s stock traded hands, compared to its average volume of 308,652. The stock has a market capitalization of $11.76 billion, a P/E ratio of 16.47 and a beta of 1.09. The business has a 50-day simple moving average of $78.73 and a 200-day simple moving average of $78.55. Schwab U.S. Mid-Cap ETF has a 1 year low of $62.87 and a 1 year high of $82.28.

Schwab U.S. Mid-Cap ETF Company 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.