Flavin Financial Services Inc. Increases Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Flavin Financial Services Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 11.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,404 shares of the company’s stock after buying an additional 1,296 shares during the period. Flavin Financial Services Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHM. Financial Engines Advisors L.L.C. increased its position in shares of Schwab U.S. Mid-Cap ETF by 129.1% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock worth $1,646,017,000 after purchasing an additional 33,472,238 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 209.3% during the fourth quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after purchasing an additional 6,819,239 shares in the last quarter. Cerity Partners LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 196.5% during the fourth quarter. Cerity Partners LLC now owns 6,714,292 shares of the company’s stock worth $186,110,000 after purchasing an additional 4,449,523 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 198.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,089,280 shares of the company’s stock worth $168,734,000 after purchasing an additional 4,046,898 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth about $67,051,000.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM opened at $27.54 on Thursday. The business’s 50-day simple moving average is $26.71 and its 200-day simple moving average is $27.21. Schwab U.S. Mid-Cap ETF has a one year low of $22.41 and a one year high of $30.28. The stock has a market capitalization of $11.34 billion, a P/E ratio of 18.83 and a beta of 1.07.

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.