30,487 Shares in Schwab U.S. Mid-Cap ETF $SCHM Bought by Heritage Family Offices LLP

Heritage Family Offices LLP acquired a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 30,487 shares of the company’s stock, valued at approximately $917,000.

Several other hedge funds have also recently added to or reduced their stakes in SCHM. HighTower Advisors LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 1.9% during the 3rd quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock worth $319,596,000 after buying an additional 198,793 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 2.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,473,140 shares of the company’s stock valued at $310,424,000 after acquiring an additional 200,917 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 5.9% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 10,021,294 shares of the company’s stock valued at $297,031,000 after acquiring an additional 555,701 shares during the period. Advisory Alpha LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 6.8% in the 3rd quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after acquiring an additional 568,609 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,748,603 shares of the company’s stock worth $180,506,000 after acquiring an additional 15,350 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA SCHM opened at $31.21 on Wednesday. The stock has a market cap of $12.78 billion, a P/E ratio of 18.83 and a beta of 1.08. The firm has a 50 day moving average price of $32.06 and a 200 day moving average price of $30.69. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $33.18.

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.