HBK Sorce Advisory LLC Reduces Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

HBK Sorce Advisory LLC lessened its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 4.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 350,270 shares of the company’s stock after selling 16,832 shares during the quarter. HBK Sorce Advisory LLC owned approximately 0.09% of Schwab U.S. Mid-Cap ETF worth $11,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its position in Schwab U.S. Mid-Cap ETF by 1.9% during 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 in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in 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 worth $310,424,000 after purchasing an additional 200,917 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in 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 worth $297,031,000 after purchasing an additional 555,701 shares in the last quarter. Advisory Alpha LLC increased its position in 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 worth $267,436,000 after purchasing an additional 568,609 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in 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 worth $180,506,000 after purchasing an additional 15,350 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Schwab U.S. Mid-Cap ETF stock opened at $34.73 on Monday. The stock has a market cap of $14.58 billion, a PE ratio of 18.83 and a beta of 1.04. The stock has a 50-day moving average price of $32.75 and a 200 day moving average price of $31.67. Schwab U.S. Mid-Cap ETF has a 52 week low of $26.45 and a 52 week high of $35.03.

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.