Ameritas Advisory Services LLC Buys 40,648 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Ameritas Advisory Services LLC lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 157.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,534 shares of the company’s stock after acquiring an additional 40,648 shares during the period. Ameritas Advisory Services LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,972,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SCHM. Guerra Advisors Inc bought a new position in Schwab U.S. Mid-Cap ETF in the third quarter worth about $33,000. Geneos Wealth Management Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 54.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock valued at $41,000 after buying an additional 519 shares in the last quarter. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter worth approximately $42,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $64,000. Finally, Eastern Bank bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth approximately $70,000.

Schwab U.S. Mid-Cap ETF Stock Up 1.1%

NYSEARCA:SCHM opened at $32.55 on Friday. The stock has a market capitalization of $13.33 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a 52 week low of $22.41 and a 52 week high of $33.13. The firm has a 50 day moving average of $31.35 and a 200 day moving average of $30.11.

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.