Worth Asset Management LLC Takes Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Worth Asset Management LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 4th quarter, HoldingsChannel.com reports. The fund bought 17,441 shares of the company’s stock, valued at approximately $483,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. HighTower Advisors LLC increased its holdings 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 worth $270,683,000 after purchasing an additional 82,365 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 33.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock valued at $177,692,000 after purchasing an additional 574,475 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 14.6% during the 3rd quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock worth $188,180,000 after purchasing an additional 287,937 shares during the last quarter. Advisory Alpha LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 7.2% during the second quarter. Advisory Alpha LLC now owns 1,837,312 shares of the company’s stock worth $143,004,000 after purchasing an additional 123,777 shares in the last quarter. Finally, Legacy Wealth Management Inc raised its stake in Schwab U.S. Mid-Cap ETF by 2.3% in the third quarter. Legacy Wealth Management Inc now owns 1,375,275 shares of the company’s stock valued at $114,272,000 after buying an additional 30,294 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.2 %

Schwab U.S. Mid-Cap ETF stock traded down $0.06 during mid-day trading on Wednesday, hitting $27.84. The company had a trading volume of 353,675 shares, compared to its average volume of 1,128,369. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.17 and a 1 year high of $30.28. The business has a fifty day moving average of $28.73 and a 200 day moving average of $27.50. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

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.