Corient Private Wealth LLC Buys 387,607 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Corient Private Wealth LLC lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 140.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 663,609 shares of the company’s stock after purchasing an additional 387,607 shares during the period. Corient Private Wealth LLC owned about 0.46% of Schwab U.S. Mid-Cap ETF worth $18,389,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. HighTower Advisors LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 209.3% in the fourth quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after purchasing an additional 6,819,239 shares during the last quarter. Advisory Alpha LLC increased its position in Schwab U.S. Mid-Cap ETF by 195.3% during 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 during the period. Legacy Wealth Management Inc increased its position 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 purchasing an additional 2,804,735 shares during the period. Fragasso Financial Advisors Inc increased its position 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 purchasing an additional 2,234,519 shares during the period. Finally, JMG Financial Group Ltd. increased its position 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 purchasing an additional 1,910,992 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA SCHM opened at $26.44 on Wednesday. The company has a market capitalization of $10.79 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16. The company’s 50-day simple moving average is $28.10 and its two-hundred day simple moving average is $28.12. Schwab U.S. Mid-Cap ETF has a one year low of $24.64 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.