Wealthspire Advisors LLC Grows Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Wealthspire Advisors LLC grew its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 350.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,319 shares of the company’s stock after buying an additional 128,629 shares during the period. Wealthspire Advisors LLC owned approximately 0.12% of Schwab U.S. Mid-Cap ETF worth $4,581,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Advisory Alpha LLC grew its stake in Schwab U.S. Mid-Cap ETF by 195.3% in the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after buying an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc grew its stake in Schwab U.S. Mid-Cap ETF by 203.9% in the 4th quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after buying an additional 2,804,735 shares in the last quarter. Fragasso Financial Advisors Inc grew its stake 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 worth $92,695,000 after buying an additional 2,234,519 shares in the last quarter. HighTower Advisors LLC grew its stake in Schwab U.S. Mid-Cap ETF by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock worth $270,683,000 after buying an additional 82,365 shares in the last quarter. Finally, JMG Financial Group Ltd. grew 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 buying an additional 1,910,992 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM stock opened at $27.98 on Monday. Schwab U.S. Mid-Cap ETF has a one year low of $24.64 and a one year high of $30.28. The stock has a market cap of $4.01 billion, a PE ratio of 16.47 and a beta of 1.09. The firm has a 50 day simple moving average of $28.46 and a two-hundred day simple moving average of $28.08.

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.