Cary Street Partners Financial LLC Purchases New Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Cary Street Partners Financial LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 297,860 shares of the company’s stock, valued at approximately $8,254,000. Cary Street Partners Financial LLC owned 0.21% of Schwab U.S. Mid-Cap ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. raised its stake in Schwab U.S. Mid-Cap ETF by 129.1% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock valued at $1,646,017,000 after purchasing an additional 33,472,238 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 209.3% in the 4th quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock valued at $279,249,000 after buying an additional 6,819,239 shares in the last quarter. Cerity Partners LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 196.5% in the 4th quarter. Cerity Partners LLC now owns 6,714,292 shares of the company’s stock valued at $186,110,000 after buying an additional 4,449,523 shares in the last quarter. Advisory Alpha LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 195.3% during the 4th 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. Finally, Legacy Wealth Management Inc boosted its position in shares of Schwab U.S. Mid-Cap ETF by 203.9% during the 4th 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 in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA:SCHM opened at $26.21 on Monday. The company’s 50 day simple moving average is $25.72 and its 200 day simple moving average is $27.62. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $30.28. The stock has a market capitalization of $10.89 billion, a price-to-earnings ratio of 17.99 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.0776 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Schwab U.S. Mid-Cap ETF 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.