Modera Wealth Management LLC Grows Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Modera Wealth Management LLC lifted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 194.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 911,294 shares of the company’s stock after buying an additional 601,739 shares during the quarter. Modera Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $25,252,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Direct Indexing L.P. purchased a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at about $375,000. Campbell Wealth Management purchased a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at about $24,509,000. Chicago Partners Investment Group LLC grew its position in Schwab U.S. Mid-Cap ETF by 217.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 615,663 shares of the company’s stock valued at $51,155,000 after purchasing an additional 421,888 shares during the last quarter. James Investment Research Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at about $314,000. Finally, Sage Financial Group Inc. grew its position in Schwab U.S. Mid-Cap ETF by 1.2% during the 3rd quarter. Sage Financial Group Inc. now owns 276,182 shares of the company’s stock valued at $22,948,000 after purchasing an additional 3,144 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock opened at $27.89 on Friday. Schwab U.S. Mid-Cap ETF has a one year low of $24.64 and a one year high of $30.28. The company’s 50-day moving average is $28.43 and its 200 day moving average is $28.14. The company has a market capitalization of $11.34 billion, a price-to-earnings 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.