Dynamic Advisor Solutions LLC Has $20.36 Million Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Dynamic Advisor Solutions LLC lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 11.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 277,080 shares of the company’s stock after purchasing an additional 27,939 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for 0.8% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its 18th largest position. Dynamic Advisor Solutions LLC owned about 0.20% of Schwab U.S. Mid-Cap ETF worth $20,357,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Mengis Capital Management Inc. grew its holdings in Schwab U.S. Mid-Cap ETF by 0.3% during the third quarter. Mengis Capital Management Inc. now owns 52,221 shares of the company’s stock valued at $3,534,000 after purchasing an additional 175 shares during the last quarter. Donaldson Capital Management LLC acquired a new position in Schwab U.S. Mid-Cap ETF during the third quarter valued at approximately $862,000. Strategic Financial Planning Inc. grew its holdings in Schwab U.S. Mid-Cap ETF by 1.2% during the third quarter. Strategic Financial Planning Inc. now owns 25,035 shares of the company’s stock valued at $1,694,000 after purchasing an additional 307 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Schwab U.S. Mid-Cap ETF by 283.7% during the third quarter. Avantax Advisory Services Inc. now owns 33,392 shares of the company’s stock valued at $2,260,000 after purchasing an additional 24,690 shares during the last quarter. Finally, Greenwood Gearhart Inc. grew its holdings in Schwab U.S. Mid-Cap ETF by 3.6% during the third quarter. Greenwood Gearhart Inc. now owns 4,951 shares of the company’s stock valued at $335,000 after purchasing an additional 170 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM stock traded down $0.05 on Monday, reaching $78.52. 226,555 shares of the company were exchanged, compared to its average volume of 320,675. Schwab U.S. Mid-Cap ETF has a 12 month low of $62.87 and a 12 month high of $80.30. The stock’s fifty day moving average price is $76.13 and its 200 day moving average price is $71.72. The firm has a market capitalization of $10.90 billion, a PE ratio of 12.93 and a beta of 1.13.

Schwab U.S. Mid-Cap ETF 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.