Raymond James & Associates Has $13.32 Million Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Raymond James & Associates lessened its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHMFree Report) by 25.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 176,816 shares of the company’s stock after selling 60,612 shares during the quarter. Raymond James & Associates’ holdings in Schwab U.S. Mid-Cap ETF were worth $13,318,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Mengis Capital Management Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 0.3% during the third quarter. Mengis Capital Management Inc. now owns 52,221 shares of the company’s stock worth $3,534,000 after purchasing an additional 175 shares during the period. Donaldson Capital Management LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $862,000. Strategic Financial Planning Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 1.2% in the 3rd quarter. Strategic Financial Planning Inc. now owns 25,035 shares of the company’s stock valued at $1,694,000 after acquiring an additional 307 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in Schwab U.S. Mid-Cap ETF by 283.7% during the 3rd quarter. Avantax Advisory Services Inc. now owns 33,392 shares of the company’s stock worth $2,260,000 after acquiring an additional 24,690 shares during the last quarter. Finally, Greenwood Gearhart Inc. boosted its stake in Schwab U.S. Mid-Cap ETF by 3.6% during the 3rd quarter. Greenwood Gearhart Inc. now owns 4,951 shares of the company’s stock worth $335,000 after acquiring an additional 170 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM opened at $80.37 on Thursday. The company has a 50 day moving average price of $77.68 and a two-hundred day moving average price of $72.52. The company has a market capitalization of $11.16 billion, a PE ratio of 12.93 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a 52 week low of $62.87 and a 52 week high of $81.74.

About Schwab U.S. Mid-Cap ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

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