Pinnacle Bancorp Inc. Has $406,000 Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Pinnacle Bancorp Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 261.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,637 shares of the company’s stock after purchasing an additional 10,590 shares during the period. Pinnacle Bancorp Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Fragasso Financial Advisors Inc increased its stake in 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 worth $92,695,000 after acquiring an additional 2,234,519 shares during the period. HighTower Advisors LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.6% during the 3rd quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock worth $270,683,000 after purchasing an additional 82,365 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Schwab U.S. Mid-Cap ETF by 33.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock worth $177,692,000 after purchasing an additional 574,475 shares during the period. Cerity Partners LLC raised its stake in Schwab U.S. Mid-Cap ETF by 14.6% in the third quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock valued at $188,180,000 after purchasing an additional 287,937 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Schwab U.S. Mid-Cap ETF by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,066,258 shares of the company’s stock worth $57,256,000 after purchasing an additional 23,876 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM opened at $28.49 on Thursday. Schwab U.S. Mid-Cap ETF has a one year low of $24.17 and a one year high of $30.28. The company has a market cap of $4.08 billion, a P/E ratio of 16.47 and a beta of 1.09. The firm has a 50 day simple moving average of $28.74 and a two-hundred day simple moving average of $27.58.

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.