Donaldson Capital Management LLC Acquires 17,928 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Donaldson Capital Management LLC boosted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 205.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,663 shares of the company’s stock after acquiring an additional 17,928 shares during the period. Donaldson Capital Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $739,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Advisory Alpha LLC lifted its holdings in shares of 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 valued at $158,471,000 after purchasing an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc increased its position in Schwab U.S. Mid-Cap ETF by 203.9% during the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock valued at $115,828,000 after acquiring an additional 2,804,735 shares during the last quarter. Raymond James Financial Inc. bought a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $67,051,000. Fragasso Financial Advisors Inc boosted its position 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 worth $92,695,000 after purchasing an additional 2,234,519 shares during the last quarter. Finally, JMG Financial Group Ltd. lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 196.9% in the 4th quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock worth $79,854,000 after purchasing an additional 1,910,992 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA SCHM opened at $26.05 on Wednesday. The business’s fifty day moving average is $28.27 and its 200 day moving average is $28.15. The company has a market capitalization of $10.59 billion, a PE ratio of 19.14 and a beta of 1.15. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.64 and a fifty-two week 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.