Baker Avenue Asset Management LP Has $207,000 Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Baker Avenue Asset Management LP raised its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% in the 4th quarter, HoldingsChannel reports. The firm owned 7,470 shares of the company’s stock after acquiring an additional 4,980 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Schwab U.S. Mid-Cap ETF were worth $207,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Financial Engines Advisors L.L.C. boosted its holdings in Schwab U.S. Mid-Cap ETF by 129.1% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock worth $1,646,017,000 after acquiring an additional 33,472,238 shares in the last quarter. HighTower Advisors LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 209.3% in the 4th quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after purchasing an additional 6,819,239 shares in the last quarter. Cerity Partners LLC grew its position in Schwab U.S. Mid-Cap ETF by 196.5% in the 4th quarter. Cerity Partners LLC now owns 6,714,292 shares of the company’s stock valued at $186,110,000 after purchasing an additional 4,449,523 shares during the period. Advisory Alpha LLC increased its stake in Schwab U.S. Mid-Cap ETF by 195.3% during the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after purchasing an additional 3,782,365 shares in the last quarter. Finally, Legacy Wealth Management Inc raised its holdings in Schwab U.S. Mid-Cap ETF by 203.9% during the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after buying an additional 2,804,735 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.3 %

Schwab U.S. Mid-Cap ETF stock opened at $26.14 on Tuesday. The firm’s fifty day moving average price is $25.69 and its two-hundred day moving average price is $27.60. The firm has a market capitalization of $10.86 billion, a price-to-earnings ratio of 17.99 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $30.28.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a $0.0776 dividend. The ex-dividend date was Wednesday, March 26th.

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.