Jones Financial Companies Lllp Increases Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Jones Financial Companies Lllp boosted its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 315.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,289,294 shares of the company’s stock after buying an additional 978,642 shares during the period. Jones Financial Companies Lllp owned approximately 0.90% of Schwab U.S. Mid-Cap ETF worth $35,726,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. First Trust Direct Indexing L.P. purchased a new position in Schwab U.S. Mid-Cap ETF during the third quarter valued at approximately $375,000. Campbell Wealth Management purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter valued at about $24,509,000. Chicago Partners Investment Group LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 217.7% during the third quarter. Chicago Partners Investment Group LLC now owns 615,663 shares of the company’s stock valued at $51,155,000 after buying an additional 421,888 shares during the last quarter. James Investment Research Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $314,000. Finally, Sage Financial Group Inc. lifted its position in Schwab U.S. Mid-Cap ETF by 1.2% during the third quarter. Sage Financial Group Inc. now owns 276,182 shares of the company’s stock valued at $22,948,000 after acquiring an additional 3,144 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 1.1 %

NYSEARCA SCHM opened at $27.89 on Friday. The firm’s fifty day simple moving average is $28.43 and its two-hundred day simple moving average is $28.14. The firm has a market capitalization of $11.34 billion, a P/E ratio of 19.14 and a beta of 1.15. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.64 and a 12-month high of $30.28.

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.