Dakota Wealth Management Grows Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Dakota Wealth Management increased its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 197.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 81,150 shares of the company’s stock after buying an additional 53,833 shares during the quarter. Dakota Wealth Management’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,249,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHM. Fragasso Financial Advisors Inc raised its position in Schwab U.S. Mid-Cap ETF by 201.2% in the fourth 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 during the period. Gemmer Asset Management LLC raised its position in Schwab U.S. Mid-Cap ETF by 209.9% in the fourth quarter. Gemmer Asset Management LLC now owns 1,516,709 shares of the company’s stock valued at $42,028,000 after purchasing an additional 1,027,320 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in 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 valued at $177,692,000 after purchasing an additional 574,475 shares during the period. Koshinski Asset Management Inc. raised its position in Schwab U.S. Mid-Cap ETF by 209.2% in the fourth quarter. Koshinski Asset Management Inc. now owns 644,951 shares of the company’s stock valued at $17,872,000 after purchasing an additional 436,390 shares during the period. Finally, Salem Investment Counselors Inc. raised its position in Schwab U.S. Mid-Cap ETF by 181.5% in the fourth quarter. Salem Investment Counselors Inc. now owns 674,447 shares of the company’s stock valued at $18,689,000 after purchasing an additional 434,867 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 0.2 %

Shares of NYSEARCA SCHM opened at $29.19 on Friday. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.54 and a 52-week high of $30.28. The business’s 50 day moving average is $28.71 and its two-hundred day moving average is $27.69.

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.