Wealthspire Advisors LLC Increases Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Wealthspire Advisors LLC increased its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 350.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 165,319 shares of the company’s stock after purchasing an additional 128,629 shares during the period. Wealthspire Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $4,581,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in SCHM. Advisory Alpha LLC boosted 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 purchasing an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc raised its holdings in Schwab U.S. Mid-Cap ETF by 203.9% during the 4th quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock valued at $115,828,000 after buying an additional 2,804,735 shares during the last quarter. Fragasso Financial Advisors Inc raised its holdings in Schwab U.S. Mid-Cap ETF by 201.2% during the 4th 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 last quarter. JMG Financial Group Ltd. raised its holdings in Schwab U.S. Mid-Cap ETF by 196.9% during the 4th quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock valued at $79,854,000 after buying an additional 1,910,992 shares during the last quarter. Finally, Summit Financial Strategies Inc. raised its holdings in Schwab U.S. Mid-Cap ETF by 194.9% during the 4th quarter. Summit Financial Strategies Inc. now owns 1,939,998 shares of the company’s stock valued at $53,757,000 after buying an additional 1,282,163 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 2.5 %

NYSEARCA:SCHM opened at $27.98 on Monday. The company has a fifty day moving average of $28.46 and a 200 day moving average of $28.08. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week high of $30.28. The firm has a market capitalization of $4.01 billion, a P/E ratio of 16.47 and a beta of 1.09.

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.