Acorn Wealth Advisors LLC increased its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 182.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 141,704 shares of the company’s stock after buying an additional 91,524 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises about 1.6% of Acorn Wealth Advisors LLC’s portfolio, making the stock its 11th biggest position. Acorn Wealth Advisors LLC owned approximately 0.10% of Schwab U.S. Mid-Cap ETF worth $3,927,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in SCHM. Advisory Alpha LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 195.3% in the fourth quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after buying an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the 4th quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after acquiring an additional 2,804,735 shares during the last quarter. Fragasso Financial Advisors Inc lifted its position in Schwab U.S. Mid-Cap ETF by 201.2% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after acquiring an additional 2,234,519 shares in the last quarter. HighTower Advisors LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 2.6% during the 3rd quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock valued at $270,683,000 after purchasing an additional 82,365 shares during the last quarter. Finally, JMG Financial Group Ltd. increased 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 worth $79,854,000 after purchasing an additional 1,910,992 shares in the last quarter.
Schwab U.S. Mid-Cap ETF Stock Down 0.3 %
Shares of Schwab U.S. Mid-Cap ETF stock opened at $27.91 on Tuesday. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week high of $30.28. The business has a 50 day moving average price of $28.46 and a 200-day moving average price of $28.08. The company has a market cap of $11.35 billion, a PE ratio of 19.14 and a beta of 1.15.
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.
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