Moneta Group Investment Advisors LLC Buys 555,701 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Moneta Group Investment Advisors LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 5.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,021,294 shares of the company’s stock after purchasing an additional 555,701 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises about 2.4% of Moneta Group Investment Advisors LLC’s investment portfolio, making the stock its 10th largest position. Moneta Group Investment Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $297,031,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 200.4% during the fourth quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock valued at $645,000 after purchasing an additional 15,538 shares during the period. Revolve Wealth Partners LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 194.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock worth $3,187,000 after purchasing an additional 75,941 shares during the period. Royal Bank of Canada boosted its position in shares of Schwab U.S. Mid-Cap ETF by 5.1% during the first quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock worth $4,042,000 after purchasing an additional 7,443 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 1.0% during the first quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock worth $12,707,000 after purchasing an additional 4,886 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 6.5% in the 2nd quarter. Bank of Montreal Can now owns 14,194 shares of the company’s stock valued at $398,000 after buying an additional 872 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 0.9%

SCHM opened at $31.13 on Tuesday. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $33.18. The company has a fifty day simple moving average of $32.11 and a 200 day simple moving average of $30.63. The stock has a market cap of $12.75 billion, a P/E ratio of 18.83 and a beta of 1.08.

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.