Balanced Wealth Group LLC Acquires New Shares in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Balanced Wealth Group LLC purchased a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 38,103 shares of the company’s stock, valued at approximately $2,870,000. Schwab U.S. Mid-Cap ETF accounts for 1.5% of Balanced Wealth Group LLC’s portfolio, making the stock its 17th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHM. Cerity Partners LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,509.2% in the fourth quarter. Cerity Partners LLC now owns 18,943,319 shares of the company’s stock worth $1,426,811,000 after purchasing an additional 17,766,110 shares during the last quarter. Financial Engines Advisors L.L.C. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 9.1% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 20,492,571 shares of the company’s stock valued at $1,386,937,000 after acquiring an additional 1,714,519 shares during the last quarter. Sheets Smith Wealth Management increased its stake in Schwab U.S. Mid-Cap ETF by 1,864.1% during the fourth quarter. Sheets Smith Wealth Management now owns 448,039 shares of the company’s stock worth $33,746,000 after acquiring an additional 425,228 shares during the last quarter. Advocacy Wealth Management Services LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $26,898,000. Finally, Trust Point Inc. bought a new position in Schwab U.S. Mid-Cap ETF during the 4th quarter worth about $16,609,000.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA SCHM traded down $0.19 during midday trading on Wednesday, hitting $79.00. 212,516 shares of the company traded hands, compared to its average volume of 326,772. The company has a market cap of $11.32 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 52 week low of $62.87 and a 52 week high of $81.74. The company’s 50-day simple moving average is $78.67 and its 200-day simple moving average is $74.34.

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.