Richardson Capital Management LLC Buys 313,583 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Richardson Capital Management LLC grew its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 184.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 483,959 shares of the company’s stock after buying an additional 313,583 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 8.5% of Richardson Capital Management LLC’s investment portfolio, making the stock its 4th biggest holding. Richardson Capital Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $13,411,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Advisory Alpha LLC lifted its position in Schwab U.S. Mid-Cap ETF by 195.3% in the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after acquiring an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc raised its stake in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the 4th quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock valued at $115,828,000 after purchasing an additional 2,804,735 shares during the period. Fragasso Financial Advisors Inc lifted its holdings 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 valued at $92,695,000 after purchasing an additional 2,234,519 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 2.6% during the third quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock worth $270,683,000 after buying an additional 82,365 shares during the period. Finally, JMG Financial Group Ltd. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 196.9% during the fourth quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock worth $79,854,000 after buying an additional 1,910,992 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $27.98 on Friday. The firm has a market cap of $4.01 billion, a PE ratio of 16.47 and a beta of 1.09. The business’s 50 day simple moving average is $28.46 and its 200 day simple moving average is $28.04. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.64 and a 52-week high of $30.28.

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.