Gemmer Asset Management LLC Grows Holdings in Schwab U.S. Mid-Cap ETF (SCHM)

Gemmer Asset Management LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 7.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,946 shares of the company’s stock after purchasing an additional 12,912 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for 3.2% of Gemmer Asset Management LLC’s portfolio, making the stock its 10th largest holding. Gemmer Asset Management LLC owned approximately 0.19% of Schwab U.S. Mid-Cap ETF worth $10,177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Legacy Wealth Management Inc boosted its holdings in Schwab U.S. Mid-Cap ETF by 0.7% during the third quarter. Legacy Wealth Management Inc now owns 845,136 shares of the company’s stock valued at $48,883,000 after purchasing an additional 5,773 shares in the last quarter. Financial Engines Advisors L.L.C. boosted its holdings in Schwab U.S. Mid-Cap ETF by 36.7% during the second quarter. Financial Engines Advisors L.L.C. now owns 786,438 shares of the company’s stock valued at $43,167,000 after purchasing an additional 211,054 shares in the last quarter. Brouwer & Janachowski LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 0.7% during the second quarter. Brouwer & Janachowski LLC now owns 711,080 shares of the company’s stock valued at $39,031,000 after purchasing an additional 4,996 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 7.5% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 507,452 shares of the company’s stock valued at $27,854,000 after purchasing an additional 35,219 shares in the last quarter. Finally, Summit Trail Advisors LLC acquired a new stake in Schwab U.S. Mid-Cap ETF during the first quarter valued at approximately $503,000.

NYSEARCA SCHM traded up $0.39 during trading on Friday, reaching $53.43. 16,019 shares of the company traded hands, compared to its average volume of 324,040. Schwab U.S. Mid-Cap ETF has a 1-year low of $49.78 and a 1-year high of $58.83.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Wednesday, September 26th were issued a dividend of $0.1924 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.44%. This is an increase from Schwab U.S. Mid-Cap ETF’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Tuesday, September 25th.

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Institutional Ownership by Quarter for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

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