Christensen King & Associates Investment Services Inc. Boosts Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Christensen King & Associates Investment Services Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 203.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 357,674 shares of the company’s stock after purchasing an additional 239,807 shares during the period. Schwab U.S. Mid-Cap ETF accounts for approximately 4.7% of Christensen King & Associates Investment Services Inc.’s investment portfolio, making the stock its 7th biggest position. Christensen King & Associates Investment Services Inc. owned approximately 0.25% of Schwab U.S. Mid-Cap ETF worth $10,047,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHM. Unique Wealth LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Unique Wealth LLC now owns 8,877 shares of the company’s stock worth $246,000 after acquiring an additional 5,918 shares during the period. CHB Investment Group LLC lifted its position in Schwab U.S. Mid-Cap ETF by 189.2% in the 4th quarter. CHB Investment Group LLC now owns 50,318 shares of the company’s stock valued at $1,394,000 after acquiring an additional 32,920 shares in the last quarter. BCS Wealth Management purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter valued at approximately $2,215,000. AdvisorNet Financial Inc raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 210.5% in the fourth quarter. AdvisorNet Financial Inc now owns 5,772 shares of the company’s stock valued at $160,000 after purchasing an additional 3,913 shares during the last quarter. Finally, Sentinel Pension Advisors Inc. increased its stake in Schwab U.S. Mid-Cap ETF by 158.8% in the 4th quarter. Sentinel Pension Advisors Inc. now owns 95,028 shares of the company’s stock valued at $2,633,000 after buying an additional 58,303 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.9 %

NYSEARCA:SCHM opened at $27.86 on Tuesday. The firm’s 50 day moving average is $28.75 and its 200 day moving average is $27.56. The stock has a market capitalization of $3.99 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.17 and a 12 month high of $30.28.

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.