Janney Montgomery Scott LLC Grows Stock Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Janney Montgomery Scott LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 48.8% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 67,261 shares of the company’s stock after purchasing an additional 22,062 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,082,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Schwab U.S. Mid-Cap ETF by 41.7% during the fourth quarter. Farther Finance Advisors LLC now owns 538,826 shares of the company’s stock worth $16,202,000 after buying an additional 158,469 shares in the last quarter. Fragasso Financial Advisors Inc raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 1.8% in the fourth quarter. Fragasso Financial Advisors Inc now owns 2,980,496 shares of the company’s stock worth $89,624,000 after acquiring an additional 52,432 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 10.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 951,922 shares of the company’s stock valued at $30,528,000 after acquiring an additional 93,144 shares in the last quarter. Dorato Capital Management purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $2,361,000. Finally, Cassilly Financial Group LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $1,154,000.

Schwab U.S. Mid-Cap ETF Stock Up 1.6%

SCHM opened at $35.82 on Friday. The firm has a market cap of $14.90 billion, a P/E ratio of 18.83 and a beta of 1.03. The business’s fifty day simple moving average is $35.26 and its 200 day simple moving average is $33.10. Schwab U.S. Mid-Cap ETF has a 52 week low of $27.76 and a 52 week high of $36.90.

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.