Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Bought by Selective Wealth Management Inc.

Selective Wealth Management Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 142.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,446 shares of the company’s stock after purchasing an additional 7,891 shares during the period. Selective Wealth Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $378,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 53.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,938 shares of the company’s stock worth $462,000 after acquiring an additional 2,074 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 10.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,543 shares of the company’s stock valued at $898,000 after purchasing an additional 1,131 shares during the period. Cedar Wealth Management LLC increased its stake in Schwab U.S. Mid-Cap ETF by 13.6% in the 2nd quarter. Cedar Wealth Management LLC now owns 16,531 shares of the company’s stock worth $1,287,000 after purchasing an additional 1,977 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Schwab U.S. Mid-Cap ETF by 7.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 587,364 shares of the company’s stock worth $45,714,000 after buying an additional 42,819 shares during the period. Finally, Summit Trail Advisors LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 135.6% during the 2nd quarter. Summit Trail Advisors LLC now owns 8,831 shares of the company’s stock worth $690,000 after buying an additional 5,082 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM opened at $28.82 on Friday. The company has a 50-day moving average of $28.72 and a two-hundred day moving average of $27.61. The stock has a market cap of $4.13 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a one year low of $24.24 and a one year 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.