David Wealth Management LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,887 shares of the company’s stock, valued at approximately $302,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Advisory Alpha LLC lifted its stake in 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 worth $158,471,000 after purchasing an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc raised its position in shares of 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 buying an additional 2,804,735 shares in the last quarter. Fragasso Financial Advisors Inc boosted its stake in 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 valued at $92,695,000 after buying an additional 2,234,519 shares during the period. HighTower Advisors LLC grew its position in Schwab U.S. Mid-Cap ETF by 2.6% during the third quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock worth $270,683,000 after buying an additional 82,365 shares in the last quarter. Finally, Cerity Partners LLC increased its stake in 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 worth $188,180,000 after acquiring an additional 287,937 shares during the last quarter.
Schwab U.S. Mid-Cap ETF Trading Down 0.5 %
Shares of SCHM opened at $28.67 on Wednesday. The stock has a 50-day moving average price of $28.60 and a 200-day moving average price of $27.92. The company has a market cap of $4.11 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.64 and a 12-month high of $30.28.
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.
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