McCarthy Asset Management Inc. Has $6.44 Million Stake in Schwab U.S. Mid-Cap ETF $SCHM

McCarthy Asset Management Inc. grew its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 31.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 214,138 shares of the company’s stock after buying an additional 51,226 shares during the period. Schwab U.S. Mid-Cap ETF accounts for about 3.4% of McCarthy Asset Management Inc.’s holdings, making the stock its 11th largest position. McCarthy Asset Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $6,439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. HighTower Advisors LLC grew its position in Schwab U.S. Mid-Cap ETF by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock worth $319,596,000 after purchasing an additional 198,793 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 2.0% during 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 in the last quarter. Moneta Group Investment Advisors LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 5.9% during 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 in the last quarter. Advisory Alpha LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 6.8% during 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of 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 valued at $180,506,000 after acquiring an additional 15,350 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $33.92 on Tuesday. The firm’s 50-day simple moving average is $32.19 and its 200-day simple moving average is $31.21. Schwab U.S. Mid-Cap ETF has a twelve month low of $25.85 and a twelve month high of $34.22. The firm has a market cap of $14.24 billion, a P/E ratio of 18.83 and a beta of 1.04.

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.