JMG Financial Group Ltd. Has $79.85 Million Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

JMG Financial Group Ltd. grew its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 196.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,881,771 shares of the company’s stock after purchasing an additional 1,910,992 shares during the period. Schwab U.S. Mid-Cap ETF comprises about 2.7% of JMG Financial Group Ltd.’s portfolio, making the stock its 12th largest position. JMG Financial Group Ltd. owned approximately 2.01% of Schwab U.S. Mid-Cap ETF worth $79,854,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisory Alpha LLC raised its stake in Schwab U.S. Mid-Cap ETF by 195.3% during the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after buying an additional 3,782,365 shares during the period. Legacy Wealth Management Inc increased its holdings 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 acquiring an additional 2,804,735 shares in the last quarter. Fragasso Financial Advisors Inc raised its position in shares of 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 worth $92,695,000 after purchasing an additional 2,234,519 shares during the period. HighTower Advisors LLC lifted 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 valued at $270,683,000 after purchasing an additional 82,365 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 14.6% during the 3rd 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.

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’s 50 day moving average price is $28.49 and its two-hundred day moving average price is $28.02. The company has a market capitalization of $4.11 billion, a P/E ratio of 16.47 and a beta of 1.09.

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.