Altus Wealth Group LLC Raises Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Altus Wealth Group LLC raised its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 189.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 131,416 shares of the company’s stock after purchasing an additional 85,938 shares during the period. Schwab U.S. Mid-Cap ETF comprises 1.6% of Altus Wealth Group LLC’s holdings, making the stock its 13th largest position. Altus Wealth Group LLC owned about 0.09% of Schwab U.S. Mid-Cap ETF worth $3,642,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 209.3% during the fourth quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after buying an additional 6,819,239 shares in the last quarter. Advisory Alpha LLC boosted its position in Schwab U.S. Mid-Cap ETF by 195.3% during the fourth quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after acquiring an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc grew its stake 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 acquiring an additional 2,804,735 shares in the last quarter. Fragasso Financial Advisors Inc raised its holdings 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 during the last quarter. Finally, JMG Financial Group Ltd. lifted its stake in Schwab U.S. Mid-Cap ETF by 196.9% in 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 Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $26.25 on Friday. The business’s 50 day moving average price is $28.16 and its 200 day moving average price is $28.12. The company has a market cap of $10.71 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16. Schwab U.S. Mid-Cap ETF has a one year low of $24.64 and a one year high of $30.28.

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.