Motive Wealth Advisors Buys 23,668 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Motive Wealth Advisors grew its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 35,502 shares of the company’s stock after acquiring an additional 23,668 shares during the period. Schwab U.S. Mid-Cap ETF accounts for approximately 0.5% of Motive Wealth Advisors’ investment portfolio, making the stock its 29th biggest position. Motive Wealth Advisors’ holdings in Schwab U.S. Mid-Cap ETF were worth $984,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Wealth Management LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 211.3% during the fourth quarter. Cornerstone Wealth Management LLC now owns 34,265 shares of the company’s stock worth $950,000 after purchasing an additional 23,257 shares during the period. Brighton Jones LLC raised its position in Schwab U.S. Mid-Cap ETF by 200.4% during the 4th quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after purchasing an additional 15,538 shares during the last quarter. Lincoln Capital Corp lifted its holdings in Schwab U.S. Mid-Cap ETF by 197.4% during the 4th quarter. Lincoln Capital Corp now owns 340,182 shares of the company’s stock worth $9,426,000 after buying an additional 225,784 shares during the period. Hengehold Capital Management LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 221.0% in the 4th quarter. Hengehold Capital Management LLC now owns 8,498 shares of the company’s stock valued at $235,000 after buying an additional 5,851 shares during the last quarter. Finally, Spinnaker Investment Group LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 205.6% in the fourth quarter. Spinnaker Investment Group LLC now owns 437,643 shares of the company’s stock valued at $12,127,000 after buying an additional 294,414 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Schwab U.S. Mid-Cap ETF stock opened at $29.19 on Friday. The stock’s 50 day moving average is $28.71 and its 200 day moving average is $27.69. Schwab U.S. Mid-Cap ETF has a one year low of $24.54 and a one year high of $30.28. The firm has a market cap of $4.18 billion, a P/E ratio of 16.47 and a beta of 1.09.

About Schwab U.S. Mid-Cap ETF

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.