Whipplewood Advisors LLC Has $1.25 Million Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Whipplewood Advisors LLC raised its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 407.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,372 shares of the company’s stock after buying an additional 35,626 shares during the period. Whipplewood Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,245,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SCHM. Advisory Alpha LLC boosted its position in Schwab U.S. Mid-Cap ETF by 27.7% in the first quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock valued at $191,211,000 after buying an additional 1,581,924 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $40,844,000. Northwestern Mutual Wealth Management Co. boosted its position in Schwab U.S. Mid-Cap ETF by 8.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock valued at $214,880,000 after buying an additional 616,733 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Schwab U.S. Mid-Cap ETF by 28.6% in the first quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock valued at $43,409,000 after buying an additional 368,908 shares in the last quarter. Finally, Focus Partners Wealth raised its stake in shares of Schwab U.S. Mid-Cap ETF by 78.9% during the first quarter. Focus Partners Wealth now owns 640,723 shares of the company’s stock valued at $16,787,000 after acquiring an additional 282,489 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $30.03 on Friday. The company has a fifty day moving average price of $29.63 and a 200-day moving average price of $28.11. The company has a market capitalization of $12.29 billion, a P/E ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week 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.