Livet Wealth LLC Invests $3.41 Million in Schwab U.S. Mid-Cap ETF $SCHM

Livet Wealth LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 113,370 shares of the company’s stock, valued at approximately $3,409,000. Schwab U.S. Mid-Cap ETF comprises about 2.1% of Livet Wealth LLC’s portfolio, making the stock its 11th largest holding.

A number of other hedge funds have also modified their holdings of SCHM. Brighton Jones LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 200.4% during the fourth quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after acquiring an additional 15,538 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 194.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock worth $3,187,000 after acquiring an additional 75,941 shares during the last quarter. Royal Bank of Canada grew its position in shares of Schwab U.S. Mid-Cap ETF by 5.1% during the first quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock worth $4,042,000 after acquiring an additional 7,443 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 1.0% during the first quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock worth $12,707,000 after acquiring an additional 4,886 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in Schwab U.S. Mid-Cap ETF by 37.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,359 shares of the company’s stock valued at $94,000 after buying an additional 915 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA:SCHM opened at $36.02 on Friday. The firm’s fifty day moving average price is $34.06 and its 200 day moving average price is $32.29. Schwab U.S. Mid-Cap ETF has a 1-year low of $27.05 and a 1-year high of $36.15. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04.

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.