Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Acquired by Legacy Wealth Management Inc

Legacy Wealth Management Inc grew its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 203.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 4,180,010 shares of the company’s stock after buying an additional 2,804,735 shares during the period. Schwab U.S. Mid-Cap ETF accounts for about 7.4% of Legacy Wealth Management Inc’s holdings, making the stock its 6th largest position. Legacy Wealth Management Inc’s holdings in Schwab U.S. Mid-Cap ETF were worth $115,828,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pflug Koory LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 192.9% during the 4th quarter. Pflug Koory LLC now owns 6,171 shares of the company’s stock valued at $171,000 after purchasing an additional 4,064 shares during the last quarter. Sachetta LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 194.7% during the fourth quarter. Sachetta LLC now owns 29,125 shares of the company’s stock worth $807,000 after buying an additional 19,243 shares in the last quarter. Patriot Investment Management Group Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 207.4% in the fourth quarter. Patriot Investment Management Group Inc. now owns 310,469 shares of the company’s stock valued at $8,603,000 after acquiring an additional 209,460 shares during the last quarter. St. Johns Investment Management Company LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 199.7% in the 4th quarter. St. Johns Investment Management Company LLC now owns 405,097 shares of the company’s stock worth $11,225,000 after acquiring an additional 269,945 shares in the last quarter. Finally, Sound Income Strategies LLC grew its position in Schwab U.S. Mid-Cap ETF by 980.8% during the 4th quarter. Sound Income Strategies LLC now owns 2,086 shares of the company’s stock worth $58,000 after acquiring an additional 1,893 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM stock opened at $29.20 on Friday. The business has a fifty day moving average price of $28.73 and a 200 day moving average price of $27.72. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.54 and a fifty-two week high of $30.28. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

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.