Phillips Financial Management LLC Raises Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Phillips Financial Management LLC raised its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 198.0% during the 4th quarter, Holdings Channel reports. The firm owned 55,645 shares of the company’s stock after acquiring an additional 36,975 shares during the quarter. Phillips Financial Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,542,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Baker Avenue Asset Management LP acquired a new position in Schwab U.S. Mid-Cap ETF during the third quarter worth approximately $207,000. First National Trust Co purchased a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $219,000. Savvy Advisors Inc. increased its stake in Schwab U.S. Mid-Cap ETF by 6.7% during the 3rd quarter. Savvy Advisors Inc. now owns 8,300 shares of the company’s stock worth $690,000 after buying an additional 518 shares during the period. Aptus Capital Advisors LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 434.1% in the third quarter. Aptus Capital Advisors LLC now owns 33,075 shares of the company’s stock worth $2,748,000 after acquiring an additional 26,882 shares in the last quarter. Finally, Richardson Capital Management LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 1.8% during the third quarter. Richardson Capital Management LLC now owns 170,376 shares of the company’s stock worth $14,157,000 after buying an additional 2,948 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 0.1 %

Shares of NYSEARCA SCHM opened at $26.07 on Thursday. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.64 and a 52-week high of $30.28. The stock’s 50 day moving average price is $28.23 and its two-hundred day moving average price is $28.14. The stock has a market capitalization of $10.60 billion, a P/E ratio of 19.14 and a beta of 1.15.

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.