Independent Solutions Wealth Management LLC Increases Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Independent Solutions Wealth Management LLC increased its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 179.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 131,781 shares of the company’s stock after buying an additional 84,634 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,652,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SCHM. Von Berge Wealth Management Group LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 0.4% in the 4th quarter. Von Berge Wealth Management Group LLC now owns 115,341 shares of the company’s stock valued at $3,368,000 after acquiring an additional 426 shares during the period. Waterfront Wealth Inc. increased its holdings in Schwab U.S. Mid-Cap ETF by 0.7% in the 4th quarter. Waterfront Wealth Inc. now owns 65,765 shares of the company’s stock valued at $1,822,000 after purchasing an additional 461 shares in the last quarter. Kingsview Wealth Management LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 3.5% in the 3rd quarter. Kingsview Wealth Management LLC now owns 15,197 shares of the company’s stock valued at $1,263,000 after purchasing an additional 514 shares in the last quarter. MML Investors Services LLC raised its position in Schwab U.S. Mid-Cap ETF by 0.4% in the third quarter. MML Investors Services LLC now owns 137,556 shares of the company’s stock valued at $11,430,000 after purchasing an additional 560 shares during the period. Finally, Hantz Financial Services Inc. lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% during the third quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock worth $51,000 after purchasing an additional 575 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM opened at $26.61 on Friday. Schwab U.S. Mid-Cap ETF has a 1-year low of $24.64 and a 1-year high of $30.28. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16. The business has a 50-day moving average of $28.05 and a 200-day moving average of $28.10.

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.