Moneywise Inc. Increases Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Moneywise Inc. raised its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 146.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 208,059 shares of the company’s stock after acquiring an additional 123,564 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises 2.9% of Moneywise Inc.’s portfolio, making the stock its 10th largest position. Moneywise Inc. owned approximately 0.15% of Schwab U.S. Mid-Cap ETF worth $5,765,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHM. Advisory Alpha LLC boosted its position in shares of 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 worth $158,471,000 after purchasing an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc boosted its position in shares of Schwab U.S. Mid-Cap ETF by 203.9% during the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after purchasing an additional 2,804,735 shares in the last quarter. Fragasso Financial Advisors Inc boosted 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 worth $92,695,000 after purchasing an additional 2,234,519 shares in the last quarter. Summit Financial Strategies Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 194.9% during the fourth 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 in the last quarter. Finally, Gemmer Asset Management LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 209.9% during the fourth quarter. Gemmer Asset Management LLC now owns 1,516,709 shares of the company’s stock worth $42,028,000 after purchasing an additional 1,027,320 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 0.7 %

Shares of NYSEARCA SCHM opened at $29.00 on Thursday. The company’s fifty day moving average is $28.68 and its 200-day moving average is $27.86. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.64 and a twelve month high of $30.28.

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.