Lowe Wealth Advisors LLC Purchases 1,416 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Lowe Wealth Advisors LLC boosted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,124 shares of the company’s stock after purchasing an additional 1,416 shares during the quarter. Lowe Wealth Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $59,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of SCHM. Praetorian Wealth Management Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at about $309,000. Wealth Enhancement Advisory Services LLC grew its stake in Schwab U.S. Mid-Cap ETF by 1.2% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,066,258 shares of the company’s stock worth $57,256,000 after buying an additional 23,876 shares in the last quarter. CJM Wealth Advisers Ltd. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter worth $206,000. Wealth Group Ltd raised its position in shares of Schwab U.S. Mid-Cap ETF by 199.3% during the 4th quarter. Wealth Group Ltd now owns 108,625 shares of the company’s stock valued at $3,010,000 after buying an additional 72,326 shares in the last quarter. Finally, First Hawaiian Bank lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. First Hawaiian Bank now owns 28,446 shares of the company’s stock worth $788,000 after acquiring an additional 18,964 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM stock traded down $0.33 during mid-day trading on Friday, hitting $27.62. 1,238,660 shares of the stock were exchanged, compared to its average volume of 1,297,969. The business has a fifty day moving average price of $28.74 and a 200 day moving average price of $27.51. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.17 and a 12 month high of $30.28. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

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.