Reston Wealth Management LLC Raises Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Reston Wealth Management LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 233.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 156,811 shares of the company’s stock after buying an additional 109,742 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for approximately 1.6% of Reston Wealth Management LLC’s holdings, making the stock its 11th largest holding. Reston Wealth Management LLC owned about 0.11% of Schwab U.S. Mid-Cap ETF worth $4,345,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SCHM. Advisory Alpha LLC boosted its position 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 valued at $158,471,000 after buying an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after acquiring an additional 2,804,735 shares in the last quarter. Fragasso Financial Advisors Inc boosted its holdings in Schwab U.S. Mid-Cap ETF by 201.2% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after purchasing an additional 2,234,519 shares during the last quarter. 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 last quarter. Finally, Cerity Partners LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 14.6% in the 3rd quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock valued at $188,180,000 after purchasing an additional 287,937 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.5 %

SCHM stock opened at $28.90 on Thursday. The company has a market capitalization of $4.14 billion, a P/E ratio of 16.47 and a beta of 1.09. The firm has a 50 day simple moving average of $28.75 and a 200-day simple moving average of $27.79. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.54 and a twelve month high of $30.28.

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.