Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Stock Position Increased by Alliance Wealth Management Group

Alliance Wealth Management Group raised its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 197.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 375,671 shares of the company’s stock after buying an additional 249,457 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises about 2.7% of Alliance Wealth Management Group’s investment portfolio, making the stock its 9th biggest holding. Alliance Wealth Management Group owned about 0.26% of Schwab U.S. Mid-Cap ETF worth $10,410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SCHM. Financial Engines Advisors L.L.C. lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 129.1% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock worth $1,646,017,000 after buying an additional 33,472,238 shares in the last quarter. HighTower Advisors LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 209.3% in the 4th quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after acquiring an additional 6,819,239 shares during the last quarter. Advisory Alpha LLC lifted its position in Schwab U.S. Mid-Cap ETF by 195.3% in the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after acquiring an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc boosted its stake in Schwab U.S. Mid-Cap ETF by 203.9% during the 4th quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock valued at $115,828,000 after purchasing an additional 2,804,735 shares during the last quarter. Finally, Fragasso Financial Advisors Inc increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 201.2% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock worth $92,695,000 after purchasing an additional 2,234,519 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM stock opened at $26.20 on Tuesday. The stock has a market capitalization of $10.69 billion, a P/E ratio of 18.01 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 1-year low of $24.64 and a 1-year high of $30.28. The business has a fifty day moving average price of $27.81 and a 200-day moving average price of $28.14.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a $0.0776 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

Schwab U.S. Mid-Cap ETF Company 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.