World Investment Advisors acquired a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,263 shares of the company’s stock, valued at approximately $459,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Schwab U.S. Mid-Cap ETF by 41.7% in the fourth quarter. Farther Finance Advisors LLC now owns 538,826 shares of the company’s stock valued at $16,202,000 after purchasing an additional 158,469 shares in the last quarter. Dorato Capital Management bought a new stake in Schwab U.S. Mid-Cap ETF during the 4th quarter worth about $2,361,000. Chicago Partners Investment Group LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 10.8% during the 4th quarter. Chicago Partners Investment Group LLC now owns 951,922 shares of the company’s stock worth $30,528,000 after buying an additional 93,144 shares during the last quarter. Fragasso Financial Advisors Inc boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 1.8% during the 4th quarter. Fragasso Financial Advisors Inc now owns 2,980,496 shares of the company’s stock worth $89,624,000 after buying an additional 52,432 shares during the last quarter. Finally, Cassilly Financial Group LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at about $1,154,000.
Schwab U.S. Mid-Cap ETF Stock Performance
NYSEARCA:SCHM opened at $35.80 on Thursday. The stock’s 50-day simple moving average is $34.70 and its 200 day simple moving average is $32.65. The company has a market cap of $15.03 billion, a P/E ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 52-week low of $27.52 and a 52-week high of $36.65.
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.
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