Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 175.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 92,696 shares of the company’s stock after acquiring an additional 59,005 shares during the quarter. PNC Financial Services Group Inc. owned about 0.06% of Schwab U.S. Mid-Cap ETF worth $2,569,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHM. Advisory Alpha LLC increased its stake in Schwab U.S. Mid-Cap ETF by 195.3% during the fourth quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after acquiring an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc boosted its holdings in 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 valued at $115,828,000 after purchasing an additional 2,804,735 shares during the period. Raymond James Financial Inc. purchased a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $67,051,000. Fragasso Financial Advisors Inc boosted its holdings 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. Finally, JMG Financial Group Ltd. boosted its holdings in Schwab U.S. Mid-Cap ETF by 196.9% in the fourth quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock valued at $79,854,000 after purchasing an additional 1,910,992 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Up 2.6 %

NYSEARCA:SCHM opened at $26.25 on Friday. The firm has a market cap of $10.71 billion, a PE ratio of 18.04 and a beta of 1.16. The stock has a fifty day moving average price of $28.16 and a 200 day moving average price of $28.11. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.64 and a 12-month high of $30.28.

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.