Independent Advisor Alliance Has $2.98 Million Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Independent Advisor Alliance grew its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2,390.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,603 shares of the company’s stock after buying an additional 103,283 shares during the period. Independent Advisor Alliance owned 0.08% of Schwab U.S. Mid-Cap ETF worth $2,982,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Meriwether Wealth & Planning LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $212,000. Johnson Investment Counsel Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 206.2% in the fourth quarter. Johnson Investment Counsel Inc. now owns 563,106 shares of the company’s stock valued at $15,604,000 after buying an additional 379,230 shares during the period. Lowery Thomas LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 209.6% in the fourth quarter. Lowery Thomas LLC now owns 44,471 shares of the company’s stock valued at $1,232,000 after buying an additional 30,109 shares during the period. Voisard Asset Management Group Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 57.8% in the fourth quarter. Voisard Asset Management Group Inc. now owns 138,473 shares of the company’s stock valued at $3,837,000 after buying an additional 50,704 shares during the period. Finally, NBT Bank N A NY increased its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. NBT Bank N A NY now owns 24,600 shares of the company’s stock valued at $682,000 after buying an additional 16,400 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA SCHM opened at $26.07 on Thursday. The business has a 50 day simple moving average of $28.23 and a 200 day simple moving average of $28.14. Schwab U.S. Mid-Cap ETF has a one year low of $24.64 and a one year high of $30.28. The stock has a market capitalization of $10.60 billion, a P/E ratio of 19.14 and a beta of 1.15.

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.