Acorn Wealth Advisors LLC Purchases 91,524 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Acorn Wealth Advisors LLC raised its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 182.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 141,704 shares of the company’s stock after buying an additional 91,524 shares during the period. Schwab U.S. Mid-Cap ETF accounts for 1.6% of Acorn Wealth Advisors LLC’s investment portfolio, making the stock its 11th biggest holding. Acorn Wealth Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,927,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of SCHM. Advisory Alpha LLC grew its position in Schwab U.S. Mid-Cap ETF by 195.3% during the fourth quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after buying an additional 3,782,365 shares during the period. Legacy Wealth Management Inc raised its position in 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 Schwab U.S. Mid-Cap ETF by 201.2% in 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. JMG Financial Group Ltd. grew its position in shares of Schwab U.S. Mid-Cap ETF by 196.9% during the 4th quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock valued at $79,854,000 after acquiring an additional 1,910,992 shares during the period. Finally, Summit Financial Strategies Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 194.9% during the 4th quarter. Summit Financial Strategies Inc. now owns 1,939,998 shares of the company’s stock worth $53,757,000 after purchasing an additional 1,282,163 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.3 %

Shares of NYSEARCA SCHM opened at $27.91 on Tuesday. The stock has a fifty day simple moving average of $28.46 and a two-hundred day simple moving average of $28.08. Schwab U.S. Mid-Cap ETF has a 1-year low of $24.64 and a 1-year high of $30.28. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 19.14 and a beta of 1.15.

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.