Evolution Advisers Inc. Invests $105,000 in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Evolution Advisers Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 4th quarter, Holdings Channel reports. The firm purchased 1,397 shares of the company’s stock, valued at approximately $105,000.

Other institutional investors also recently modified their holdings of the company. Cerity Partners LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 1,509.2% in the fourth quarter. Cerity Partners LLC now owns 18,943,319 shares of the company’s stock worth $1,426,811,000 after purchasing an additional 17,766,110 shares during the last quarter. Financial Engines Advisors L.L.C. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 9.1% in the third quarter. Financial Engines Advisors L.L.C. now owns 20,492,571 shares of the company’s stock worth $1,386,937,000 after purchasing an additional 1,714,519 shares during the last quarter. Advocacy Wealth Management Services LLC bought a new stake in Schwab U.S. Mid-Cap ETF during the fourth quarter valued at $26,898,000. Trust Point Inc. bought a new stake in Schwab U.S. Mid-Cap ETF during the fourth quarter valued at $16,609,000. Finally, Lido Advisors LLC boosted its position in Schwab U.S. Mid-Cap ETF by 144.8% during the third quarter. Lido Advisors LLC now owns 331,156 shares of the company’s stock valued at $22,413,000 after acquiring an additional 195,868 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.5 %

SCHM traded down $0.36 during trading on Thursday, reaching $77.00. 215,845 shares of the stock traded hands, compared to its average volume of 319,214. The stock has a market capitalization of $11.01 billion, a PE ratio of 16.71 and a beta of 1.09. The stock’s 50-day moving average is $78.49 and its 200 day moving average is $73.63. Schwab U.S. Mid-Cap ETF has a 12 month low of $62.87 and a 12 month high of $81.74.

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.