Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Bought by Sage Financial Group Inc.

Sage Financial Group Inc. increased its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 201.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 831,800 shares of the company’s stock after purchasing an additional 555,618 shares during the period. Schwab U.S. Mid-Cap ETF accounts for 1.9% of Sage Financial Group Inc.’s investment portfolio, making the stock its 9th largest holding. Sage Financial Group Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $23,049,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bush Investment Group LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 0.5% during the 3rd quarter. Bush Investment Group LLC now owns 128,379 shares of the company’s stock worth $10,667,000 after purchasing an additional 673 shares during the last quarter. Denver PWM LLC increased its position in Schwab U.S. Mid-Cap ETF by 2.8% during the third quarter. Denver PWM LLC now owns 204,460 shares of the company’s stock worth $16,989,000 after buying an additional 5,553 shares during the last quarter. Anchor Investment Management LLC raised its stake in Schwab U.S. Mid-Cap ETF by 1.6% in the third quarter. Anchor Investment Management LLC now owns 70,223 shares of the company’s stock valued at $5,835,000 after buying an additional 1,136 shares during the period. World Investment Advisors LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 10.5% in the third quarter. World Investment Advisors LLC now owns 7,893 shares of the company’s stock valued at $656,000 after buying an additional 747 shares during the last quarter. Finally, Synovus Financial Corp boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 100.0% during the 3rd quarter. Synovus Financial Corp now owns 15,250 shares of the company’s stock worth $1,267,000 after acquiring an additional 7,626 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM stock opened at $28.90 on Thursday. Schwab U.S. Mid-Cap ETF has a one year low of $24.54 and a one year high of $30.28. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The company has a fifty day moving average price of $28.75 and a two-hundred day moving average price of $27.79.

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.