Northeast Financial Group Inc. Has $21.54 Million Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Northeast Financial Group Inc. increased its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 197.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 777,252 shares of the company’s stock after acquiring an additional 515,647 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises about 7.9% of Northeast Financial Group Inc.’s investment portfolio, making the stock its 2nd largest position. Northeast Financial Group Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $21,538,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisory Alpha LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 195.3% in the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after acquiring an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc raised its holdings in Schwab U.S. Mid-Cap ETF by 203.9% in the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after purchasing an additional 2,804,735 shares during the period. Fragasso Financial Advisors Inc boosted its position in shares of Schwab U.S. Mid-Cap ETF by 201.2% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock worth $92,695,000 after purchasing an additional 2,234,519 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock valued at $270,683,000 after buying an additional 82,365 shares during the period. Finally, Cerity Partners LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 14.6% in the 3rd quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock valued at $188,180,000 after buying an additional 287,937 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.9 %

Shares of Schwab U.S. Mid-Cap ETF stock opened at $29.15 on Thursday. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.54 and a 12 month high of $30.28. The company has a market capitalization of $4.18 billion, a PE ratio of 16.47 and a beta of 1.09. The stock’s fifty day simple moving average is $28.75 and its 200 day simple moving average is $27.79.

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.