Jacobs Equity LLC Makes New $2.72 Million Investment in Schwab U.S. Mid-Cap ETF $SCHM

Jacobs Equity LLC acquired a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 90,445 shares of the company’s stock, valued at approximately $2,720,000. Schwab U.S. Mid-Cap ETF comprises 2.6% of Jacobs Equity LLC’s holdings, making the stock its 8th biggest position.

Several other large investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. grew its position in Schwab U.S. Mid-Cap ETF by 4.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock worth $328,744,000 after purchasing an additional 459,489 shares during the last quarter. Moneta Group Investment Advisors LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 6.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after buying an additional 648,134 shares during the last quarter. Advisory Alpha LLC raised its holdings in shares of 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 buying an additional 568,609 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,748,603 shares of the company’s stock worth $180,506,000 after buying an additional 15,350 shares during the period. Finally, Legacy Wealth Management Inc boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 2.7% during the fourth quarter. Legacy Wealth Management Inc now owns 4,319,152 shares of the company’s stock worth $129,877,000 after buying an additional 114,417 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 1.5%

NYSEARCA SCHM opened at $36.09 on Friday. Schwab U.S. Mid-Cap ETF has a 52-week low of $27.10 and a 52-week high of $36.65. The business’s 50-day moving average price is $34.42 and its 200 day moving average price is $32.49. The firm has a market cap of $15.16 billion, a P/E ratio of 18.83 and a beta of 1.04.

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.