IFP Advisors Inc Purchases 516,329 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

IFP Advisors Inc increased its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 203.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 769,708 shares of the company’s stock after buying an additional 516,329 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up 0.7% of IFP Advisors Inc’s investment portfolio, making the stock its 20th largest holding. IFP Advisors Inc’s holdings in Schwab U.S. Mid-Cap ETF were worth $21,328,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Farmers & Merchants Investments Inc. raised its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock valued at $26,000 after purchasing an additional 634 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after purchasing an additional 640 shares during the last quarter. Cordant Inc. raised its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Cordant Inc. now owns 1,089 shares of the company’s stock valued at $30,000 after purchasing an additional 726 shares during the last quarter. Archer Investment Corp raised its stake in Schwab U.S. Mid-Cap ETF by 1,965.0% during the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after purchasing an additional 393 shares during the last quarter. Finally, UMB Bank n.a. raised its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock valued at $37,000 after purchasing an additional 882 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA:SCHM opened at $27.98 on Monday. The stock has a market cap of $4.01 billion, a P/E ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a one year low of $24.64 and a one year high of $30.28. The company has a fifty day moving average price of $28.46 and a 200 day moving average price of $28.08.

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.