Envestnet Portfolio Solutions Inc. Has $5.15 Million Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Envestnet Portfolio Solutions Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 153.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 185,819 shares of the company’s stock after acquiring an additional 112,579 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $5,149,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in SCHM. Natixis Advisors LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at about $919,000. St. Louis Trust Co increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 25.1% during the 3rd quarter. St. Louis Trust Co now owns 25,194 shares of the company’s stock valued at $2,093,000 after acquiring an additional 5,059 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in Schwab U.S. Mid-Cap ETF by 43.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 33,691 shares of the company’s stock valued at $2,799,000 after buying an additional 10,153 shares during the last quarter. Avior Wealth Management LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 0.3% in the 3rd quarter. Avior Wealth Management LLC now owns 110,412 shares of the company’s stock valued at $9,174,000 after buying an additional 357 shares during the last quarter. Finally, Strategy Asset Managers LLC acquired a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $320,000.

Schwab U.S. Mid-Cap ETF Stock Down 0.8 %

SCHM opened at $26.44 on Wednesday. The firm has a market capitalization of $10.79 billion, a P/E ratio of 18.04 and a beta of 1.16. The stock’s 50 day moving average price is $28.10 and its two-hundred day moving average price is $28.12. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.64 and a 12-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.