Hilltop Partners LLC Increases Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Hilltop Partners LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 193.1% during the fourth quarter, HoldingsChannel reports. The firm owned 34,581 shares of the company’s stock after purchasing an additional 22,783 shares during the quarter. Hilltop Partners LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Avior Wealth Management LLC raised its position in Schwab U.S. Mid-Cap ETF by 0.3% in the third quarter. Avior Wealth Management LLC now owns 110,412 shares of the company’s stock worth $9,174,000 after acquiring an additional 357 shares during the period. 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. Schneider Downs Wealth Management Advisors LP raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.5% in 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 period. Oldfather Financial Services LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 2.4% in the third quarter. Oldfather Financial Services LLC now owns 17,891 shares of the company’s stock valued at $1,487,000 after purchasing an additional 422 shares during the last quarter. Finally, Waterfront Wealth Inc. lifted its stake in Schwab U.S. Mid-Cap ETF by 0.7% in the fourth quarter. Waterfront Wealth Inc. now owns 65,765 shares of the company’s stock valued at $1,822,000 after purchasing an additional 461 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA:SCHM opened at $27.58 on Friday. The company has a market capitalization of $11.22 billion, a P/E ratio of 19.14 and a beta of 1.15. The business has a fifty day simple moving average of $28.43 and a two-hundred day simple moving average of $28.11. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.64 and a 1 year high of $30.28.

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.