RBA Wealth Management LLC Increases Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

RBA Wealth Management LLC raised its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 185.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,067 shares of the company’s stock after purchasing an additional 8,496 shares during the quarter. RBA Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $362,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Advisory Alpha LLC lifted its position in Schwab U.S. Mid-Cap ETF by 195.3% in the fourth quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after buying an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc increased its stake in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after acquiring an additional 2,804,735 shares during the period. Fragasso Financial Advisors Inc boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 201.2% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock worth $92,695,000 after acquiring an additional 2,234,519 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.6% during the third quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock worth $270,683,000 after buying an additional 82,365 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 14.6% during the 3rd quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock worth $188,180,000 after purchasing an additional 287,937 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 1.0 %

Shares of Schwab U.S. Mid-Cap ETF stock opened at $28.64 on Tuesday. The company has a fifty day simple moving average of $28.73 and a 200-day simple moving average of $27.83. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.54 and a 12-month high of $30.28.

About Schwab U.S. Mid-Cap ETF

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.