PFG Advisors Takes Position in Schwab U.S. Mid-Cap ETF $SCHM

PFG Advisors acquired a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the third quarter, Holdings Channel reports. The fund acquired 84,718 shares of the company’s stock, valued at approximately $2,511,000.

Other large investors also recently made changes to their positions in the company. Creative Planning increased its position in Schwab U.S. Mid-Cap ETF by 2.4% in the 2nd quarter. Creative Planning now owns 29,603,590 shares of the company’s stock valued at $830,381,000 after buying an additional 684,597 shares in the last quarter. HighTower Advisors LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 1.9% in the third quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock worth $319,596,000 after acquiring an additional 198,793 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Schwab U.S. Mid-Cap ETF by 25.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock worth $288,136,000 after acquiring an additional 2,070,689 shares in the last quarter. Advisory Alpha LLC grew its stake in Schwab U.S. Mid-Cap ETF by 6.8% in the third quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after acquiring an additional 568,609 shares during the period. Finally, Legacy Wealth Management Inc grew its stake in Schwab U.S. Mid-Cap ETF by 0.5% in the third quarter. Legacy Wealth Management Inc now owns 4,204,735 shares of the company’s stock valued at $124,628,000 after acquiring an additional 22,803 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Down 0.5%

NYSEARCA SCHM opened at $31.58 on Wednesday. Schwab U.S. Mid-Cap ETF has a 52 week low of $22.41 and a 52 week high of $33.18. The business has a 50 day moving average price of $32.06 and a 200-day moving average price of $30.58. The company has a market cap of $12.93 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08.

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.