Independent Solutions Wealth Management LLC Grows Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Independent Solutions Wealth Management LLC raised its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 179.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,781 shares of the company’s stock after acquiring an additional 84,634 shares during the quarter. Independent Solutions Wealth Management LLC owned approximately 0.09% of Schwab U.S. Mid-Cap ETF worth $3,652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ballast Advisors LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 170.0% in the fourth quarter. Ballast Advisors LLC now owns 6,987 shares of the company’s stock valued at $194,000 after buying an additional 4,399 shares during the last quarter. Lowe Brockenbrough & Co. Inc. raised its holdings in Schwab U.S. Mid-Cap ETF by 188.8% in the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 164,187 shares of the company’s stock valued at $4,550,000 after acquiring an additional 107,345 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 199.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 370,764 shares of the company’s stock worth $10,270,000 after purchasing an additional 247,133 shares during the period. Clear Investment Research LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 199.6% during the 4th quarter. Clear Investment Research LLC now owns 40,613 shares of the company’s stock worth $1,125,000 after purchasing an additional 27,059 shares during the period. Finally, Holderness Investments Co. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 198.0% during the fourth quarter. Holderness Investments Co. now owns 46,683 shares of the company’s stock worth $1,294,000 after purchasing an additional 31,016 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.7 %

Schwab U.S. Mid-Cap ETF stock opened at $26.61 on Friday. The stock has a fifty day moving average price of $28.05 and a 200 day moving average price of $28.10. 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 $10.86 billion, a P/E ratio of 18.04 and a beta of 1.16.

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.