Old Port Advisors Acquires 5,548 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Old Port Advisors boosted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 117.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,276 shares of the company’s stock after purchasing an additional 5,548 shares during the quarter. Old Port Advisors’ holdings in Schwab U.S. Mid-Cap ETF were worth $285,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in Schwab U.S. Mid-Cap ETF by 33.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock worth $177,692,000 after buying an additional 574,475 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 217.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 615,663 shares of the company’s stock worth $51,155,000 after purchasing an additional 421,888 shares in the last quarter. Trinity Legacy Partners LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 217.5% during the third quarter. Trinity Legacy Partners LLC now owns 436,706 shares of the company’s stock valued at $36,286,000 after purchasing an additional 299,153 shares during the period. Campbell Wealth Management acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at $24,509,000. Finally, Cerity Partners LLC lifted its position in Schwab U.S. Mid-Cap ETF by 14.6% in the third quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock worth $188,180,000 after purchasing an additional 287,937 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $27.67 on Friday. The company’s fifty day moving average price is $28.72 and its two-hundred day moving average price is $27.44. The firm has a market capitalization of $3.97 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.17 and a 52-week high of $30.28.

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.