Legacy Wealth Management LLC increased its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 1.0% in the third quarter, Holdings Channel reports. The institutional investor owned 4,330,359 shares of the company’s stock after acquiring an additional 43,883 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 7.8% of Legacy Wealth Management LLC’s portfolio, making the stock its 6th largest position. Legacy Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $147,319,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Curry Webb Wealth Management LLC acquired a new stake in Schwab U.S. Mid-Cap ETF in the third quarter valued at $25,000. Evergreen Advisors LLC acquired a new position in Schwab U.S. Mid-Cap ETF during the 1st quarter worth $29,000. Compass Financial Management LLC acquired a new position in Schwab U.S. Mid-Cap ETF during the 2nd quarter worth $30,000. Archer Investment Corp grew its holdings in Schwab U.S. Mid-Cap ETF by 266.9% during the 1st quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock worth $33,000 after acquiring an additional 782 shares in the last quarter. Finally, Angeles Wealth Management LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 67.1% during the 2nd quarter. Angeles Wealth Management LLC now owns 934 shares of the company’s stock worth $34,000 after acquiring an additional 375 shares in the last quarter.
Schwab U.S. Mid-Cap ETF Stock Performance
SCHM opened at $34.54 on Friday. The company has a 50-day moving average of $35.03 and a 200-day moving average of $34.95. The company has a market capitalization of $14.61 billion, a P/E ratio of 18.83 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a 1-year low of $28.25 and a 1-year high of $36.92.
Schwab U.S. Mid-Cap ETF 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.
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