Simon Quick Advisors LLC Raises Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Simon Quick Advisors LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,925 shares of the company’s stock after buying an additional 13,965 shares during the period. Simon Quick Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $580,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in SCHM. Fragasso Financial Advisors Inc lifted its position in shares of Schwab U.S. Mid-Cap ETF by 201.2% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after acquiring an additional 2,234,519 shares in the last quarter. HighTower Advisors LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock worth $270,683,000 after purchasing an additional 82,365 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Schwab U.S. Mid-Cap ETF by 33.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock worth $177,692,000 after purchasing an additional 574,475 shares during the period. Cerity Partners LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 14.6% during the 3rd quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock valued at $188,180,000 after buying an additional 287,937 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 1.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,066,258 shares of the company’s stock valued at $57,256,000 after buying an additional 23,876 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM opened at $29.14 on Thursday. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The firm has a fifty day moving average price of $28.71 and a 200 day moving average price of $27.68. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.54 and a fifty-two week high of $30.28.

Schwab U.S. Mid-Cap ETF Company 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.