Larson Financial Group LLC Raises Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Larson Financial Group LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 9.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 168,186 shares of the company’s stock after buying an additional 14,551 shares during the period. Schwab U.S. Mid-Cap ETF accounts for 1.1% of Larson Financial Group LLC’s portfolio, making the stock its 26th largest position. Larson Financial Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $12,668,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. WestHill Financial Advisors Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth about $28,000. Fifth Third Bancorp raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,285.7% in the 3rd quarter. Fifth Third Bancorp now owns 485 shares of the company’s stock valued at $33,000 after acquiring an additional 450 shares in the last quarter. North Star Investment Management Corp. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at about $39,000. NBC Securities Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $37,000. Finally, Lowe Wealth Advisors LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at about $53,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA:SCHM traded up $0.70 on Monday, hitting $76.39. The company’s stock had a trading volume of 721,761 shares, compared to its average volume of 323,322. The company has a 50-day simple moving average of $78.40 and a 200 day simple moving average of $73.51. Schwab U.S. Mid-Cap ETF has a 1 year low of $62.87 and a 1 year high of $81.74. The company has a market capitalization of $10.92 billion, a PE ratio of 16.71 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.