Sequoia Financial Advisors LLC grew its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Rating) by 25.3% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 32,965 shares of the company’s stock after buying an additional 6,660 shares during the period. Sequoia Financial Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,163,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in SCHM. Baltimore Washington Financial Advisors Inc. purchased a new position in Schwab U.S. Mid-Cap ETF during the first quarter worth about $2,658,000. MinichMacGregor Wealth Management LLC purchased a new position in Schwab U.S. Mid-Cap ETF during the fourth quarter worth about $25,000. Worth Asset Management LLC purchased a new position in Schwab U.S. Mid-Cap ETF during the first quarter worth about $29,000. Hazlett Burt & Watson Inc. raised its holdings in Schwab U.S. Mid-Cap ETF by 146.1% during the third quarter. Hazlett Burt & Watson Inc. now owns 507 shares of the company’s stock worth $30,000 after purchasing an additional 301 shares in the last quarter. Finally, Oak Harbor Wealth Partners LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 207.7% during the third quarter. Oak Harbor Wealth Partners LLC now owns 600 shares of the company’s stock worth $36,000 after purchasing an additional 405 shares in the last quarter.
Schwab U.S. Mid-Cap ETF Stock Up 0.7 %
NYSEARCA SCHM opened at $64.69 on Friday. Schwab U.S. Mid-Cap ETF has a 52-week low of $59.74 and a 52-week high of $78.07. The stock has a market capitalization of $9.12 billion, a P/E ratio of 12.93 and a beta of 1.12. The firm has a 50-day moving average price of $69.69 and a 200 day moving average price of $67.19.
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.
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