Whipplewood Advisors LLC Takes $1.16 Million Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Whipplewood Advisors LLC bought a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 41,924 shares of the company’s stock, valued at approximately $1,162,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SCHM. Diversify Advisory Services LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 393.9% during the 3rd quarter. Diversify Advisory Services LLC now owns 23,153 shares of the company’s stock worth $1,924,000 after acquiring an additional 18,465 shares during the last quarter. Lodestar Private Asset Management LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 12.4% during the third quarter. Lodestar Private Asset Management LLC now owns 114,538 shares of the company’s stock valued at $9,517,000 after purchasing an additional 12,680 shares in the last quarter. First Trust Direct Indexing L.P. purchased a new position in Schwab U.S. Mid-Cap ETF during the third quarter worth about $375,000. Pinnacle Associates Ltd. grew its position in Schwab U.S. Mid-Cap ETF by 3.1% in the 3rd quarter. Pinnacle Associates Ltd. now owns 43,552 shares of the company’s stock worth $3,619,000 after purchasing an additional 1,328 shares in the last quarter. Finally, Diversify Wealth Management LLC purchased a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $12,792,000.

Schwab U.S. Mid-Cap ETF Stock Up 0.3 %

Shares of NYSEARCA SCHM opened at $27.94 on Thursday. The company has a market capitalization of $11.36 billion, a PE ratio of 19.14 and a beta of 1.15. The stock’s 50 day moving average price is $28.43 and its 200-day moving average price is $28.11. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.64 and a twelve month high of $30.28.

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.