LifePlan Financial LLC Purchases 14,423 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

LifePlan Financial LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 183.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,265 shares of the company’s stock after acquiring an additional 14,423 shares during the quarter. LifePlan Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $617,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHM. Fragasso Financial Advisors Inc grew its position in 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 grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock valued at $270,683,000 after acquiring an additional 82,365 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Schwab U.S. Mid-Cap ETF by 33.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock valued at $177,692,000 after acquiring an additional 574,475 shares during the last quarter. Cerity Partners LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 14.6% during the third quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock worth $188,180,000 after acquiring an additional 287,937 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Schwab U.S. Mid-Cap ETF by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,066,258 shares of the company’s stock valued at $57,256,000 after purchasing an additional 23,876 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 0.4 %

NYSEARCA:SCHM opened at $28.82 on Tuesday. The firm has a market capitalization of $4.13 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.24 and a twelve month high of $30.28. The stock’s 50 day moving average price is $28.71 and its two-hundred day moving average price is $27.66.

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.