Signature Estate & Investment Advisors LLC Grows Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Signature Estate & Investment Advisors LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 197.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,928 shares of the company’s stock after acquiring an additional 40,451 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,688,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SCHM. HighTower Advisors LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 209.3% during the fourth quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after purchasing an additional 6,819,239 shares during the last quarter. Advisory Alpha LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 195.3% in the 4th 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 boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the 4th quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after buying an additional 2,804,735 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $67,051,000. Finally, Fragasso Financial Advisors Inc increased its position in shares of Schwab U.S. Mid-Cap ETF by 201.2% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after acquiring an additional 2,234,519 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.1 %

SCHM stock opened at $27.11 on Wednesday. The stock has a market cap of $11.06 billion, a P/E ratio of 18.04 and a beta of 1.16. The stock’s fifty day simple moving average is $27.99 and its two-hundred day simple moving average is $28.13. Schwab U.S. Mid-Cap ETF has a 1-year low of $24.64 and a 1-year 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.