Beacon Pointe Advisors LLC Raises Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Beacon Pointe Advisors LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 190.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,640,241 shares of the company’s stock after purchasing an additional 1,074,679 shares during the period. Beacon Pointe Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $45,451,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Financial Engines Advisors L.L.C. grew its stake in Schwab U.S. Mid-Cap ETF by 129.1% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock valued at $1,646,017,000 after acquiring an additional 33,472,238 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 209.3% during the fourth quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after buying an additional 6,819,239 shares during the period. Cerity Partners LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 196.5% in the 4th quarter. Cerity Partners LLC now owns 6,714,292 shares of the company’s stock worth $186,110,000 after buying an additional 4,449,523 shares during the last quarter. Advisory Alpha LLC raised its stake in Schwab U.S. Mid-Cap ETF by 195.3% in the fourth quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after buying an additional 3,782,365 shares during the last quarter. Finally, Legacy Wealth Management Inc raised its stake in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after purchasing an additional 2,804,735 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.1 %

Schwab U.S. Mid-Cap ETF stock opened at $25.40 on Monday. The business’s 50-day moving average price is $25.98 and its 200 day moving average price is $27.70. Schwab U.S. Mid-Cap ETF has a 52 week low of $22.41 and a 52 week high of $30.28. The firm has a market cap of $10.55 billion, a price-to-earnings ratio of 17.99 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a dividend of $0.0776 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

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.