Advisory Alpha LLC Purchases 3,782,365 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Advisory Alpha LLC grew its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 195.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,718,828 shares of the company’s stock after purchasing an additional 3,782,365 shares during the period. Schwab U.S. Mid-Cap ETF makes up 5.6% of Advisory Alpha LLC’s portfolio, making the stock its 3rd biggest position. Advisory Alpha LLC owned about 3.99% of Schwab U.S. Mid-Cap ETF worth $158,471,000 at the end of the most recent quarter.

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

Schwab U.S. Mid-Cap ETF Price Performance

SCHM opened at $29.24 on Wednesday. The company has a market capitalization of $4.19 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.54 and a fifty-two week high of $30.28. The business has a 50-day moving average of $28.71 and a 200-day moving average of $27.66.

About Schwab U.S. Mid-Cap ETF

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.