McCarthy Asset Management Inc. Has $6.44 Million Holdings in Schwab U.S. Mid-Cap ETF $SCHM

McCarthy Asset Management Inc. boosted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 31.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 214,138 shares of the company’s stock after buying an additional 51,226 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up about 3.4% of McCarthy Asset Management Inc.’s holdings, making the stock its 11th biggest position. McCarthy Asset Management Inc. owned about 0.05% of Schwab U.S. Mid-Cap ETF worth $6,439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHM. Thrivent Financial for Lutherans grew its stake in Schwab U.S. Mid-Cap ETF by 2,708.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,924,641 shares of the company’s stock valued at $57,046,000 after buying an additional 1,856,108 shares during the last quarter. Financial Planning Navigators CORP acquired a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter worth $22,267,000. Corient Private Wealth LLC grew its position in Schwab U.S. Mid-Cap ETF by 97.8% in the 2nd quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock worth $36,187,000 after purchasing an additional 637,571 shares during the last quarter. Advisory Alpha LLC grew its position in Schwab U.S. Mid-Cap ETF by 6.8% in the 3rd quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock worth $267,436,000 after purchasing an additional 568,609 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC grew its position in Schwab U.S. Mid-Cap ETF by 5.9% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 10,021,294 shares of the company’s stock worth $297,031,000 after purchasing an additional 555,701 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA SCHM opened at $33.92 on Tuesday. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. The company’s fifty day moving average is $32.19 and its two-hundred day moving average is $31.21. Schwab U.S. Mid-Cap ETF has a 52-week low of $25.85 and a 52-week high of $34.22.

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.