Clearwater Capital Advisors LLC Raises Stake in Schwab U.S. Mid-Cap ETF $SCHM

Clearwater Capital Advisors LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 3.6% during the first quarter, Holdings Channel reports. The fund owned 473,011 shares of the company’s stock after buying an additional 16,319 shares during the period. Schwab U.S. Mid-Cap ETF comprises about 1.2% of Clearwater Capital Advisors LLC’s investment portfolio, making the stock its 20th biggest position. Clearwater Capital Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $14,644,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 4.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock worth $328,744,000 after acquiring an additional 459,489 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 6.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after purchasing an additional 648,134 shares in the last quarter. Legacy Wealth Management Inc boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 2.7% in the 4th quarter. Legacy Wealth Management Inc now owns 4,319,152 shares of the company’s stock valued at $129,877,000 after purchasing an additional 114,417 shares in the last quarter. Valpey Financial Services LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 2,876.4% during the 4th quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock valued at $140,495,000 after purchasing an additional 4,082,734 shares during the last quarter. Finally, Mariner LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 1.8% during the 4th quarter. Mariner LLC now owns 2,204,963 shares of the company’s stock valued at $66,304,000 after purchasing an additional 39,511 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.2%

Shares of NYSEARCA:SCHM opened at $35.29 on Thursday. The stock has a market cap of $14.71 billion, a PE ratio of 18.83 and a beta of 1.03. The company’s fifty day moving average is $35.43 and its 200 day moving average is $33.41. Schwab U.S. Mid-Cap ETF has a 52 week low of $27.76 and a 52 week high of $36.90.

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.