Savvy Advisors Inc. Acquires 3,359 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Savvy Advisors Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 9.1% during the second quarter, Holdings Channel.com reports. The firm owned 40,182 shares of the company’s stock after acquiring an additional 3,359 shares during the quarter. Savvy Advisors Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,127,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHM. Advisory Alpha LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 14.7% in the 2nd quarter. Advisory Alpha LLC now owns 8,373,700 shares of the company’s stock worth $234,882,000 after purchasing an additional 1,072,948 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Schwab U.S. Mid-Cap ETF by 8.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock valued at $214,880,000 after buying an additional 616,733 shares during the last quarter. Cerity Partners LLC raised its stake in Schwab U.S. Mid-Cap ETF by 2.9% during the first quarter. Cerity Partners LLC now owns 6,908,231 shares of the company’s stock valued at $180,996,000 after buying an additional 193,939 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Schwab U.S. Mid-Cap ETF by 28.6% in the first quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock worth $43,409,000 after acquiring an additional 368,908 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 1.1% in the first quarter. LPL Financial LLC now owns 1,648,859 shares of the company’s stock worth $43,200,000 after acquiring an additional 18,602 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA:SCHM opened at $29.41 on Friday. The business has a fifty day moving average price of $29.70 and a 200-day moving average price of $28.25. The company has a market capitalization of $12.03 billion, a PE ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $30.31.

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.