Hill Island Financial LLC Buys 13,556 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Hill Island Financial LLC lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,334 shares of the company’s stock after acquiring an additional 13,556 shares during the quarter. Hill Island Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in SCHM. HighTower Advisors LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 209.3% in the fourth quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after acquiring an additional 6,819,239 shares during the period. Advisory Alpha LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 195.3% in 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 period. Legacy Wealth Management Inc grew its stake in shares of 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 worth $115,828,000 after acquiring an additional 2,804,735 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth approximately $67,051,000. Finally, Fragasso Financial Advisors Inc grew its stake in shares of 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 acquiring an additional 2,234,519 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Down 0.4 %

Shares of SCHM stock opened at $26.50 on Friday. The company has a 50 day moving average price of $28.03 and a 200-day moving average price of $28.11. The firm has a market capitalization of $10.81 billion, a PE ratio of 18.04 and a beta of 1.16. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week 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.