Moneywise Inc. Boosts Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Moneywise Inc. raised its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 146.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 208,059 shares of the company’s stock after acquiring an additional 123,564 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises 2.9% of Moneywise Inc.’s holdings, making the stock its 10th biggest holding. Moneywise Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $5,765,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHM. Avior Wealth Management LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 0.3% during the 3rd quarter. Avior Wealth Management LLC now owns 110,412 shares of the company’s stock worth $9,174,000 after purchasing an additional 357 shares during the last quarter. Cordant Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth about $30,000. Leisure Capital Management increased its stake in shares of Schwab U.S. Mid-Cap ETF by 1.2% during the 3rd quarter. Leisure Capital Management now owns 31,790 shares of the company’s stock worth $2,641,000 after purchasing an additional 379 shares during the last quarter. Archer Investment Corp increased its stake in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% during the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 393 shares during the last quarter. Finally, Schneider Downs Wealth Management Advisors LP increased its stake in shares of Schwab U.S. Mid-Cap ETF by 0.5% during the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 84,811 shares of the company’s stock worth $7,047,000 after purchasing an additional 421 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Schwab U.S. Mid-Cap ETF stock opened at $29.00 on Thursday. The firm has a market capitalization of $4.16 billion, a PE ratio of 16.47 and a beta of 1.09. The company’s 50-day moving average is $28.68 and its 200-day moving average is $27.86. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.64 and a fifty-two week high of $30.28.

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.