Heritage Family Offices LLP Invests $917,000 in Schwab U.S. Mid-Cap ETF $SCHM

Heritage Family Offices LLP purchased a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,487 shares of the company’s stock, valued at approximately $917,000.

Several other hedge funds have also added to or reduced their stakes in SCHM. HighTower Advisors LLC raised its holdings 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 during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 2.0% in 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 purchasing an additional 200,917 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 5.9% in 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 purchasing an additional 555,701 shares during the last quarter. Advisory Alpha LLC grew 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 worth $267,436,000 after buying an additional 568,609 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,748,603 shares of the company’s stock worth $180,506,000 after buying an additional 15,350 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM opened at $31.21 on Wednesday. The firm has a 50 day simple moving average of $32.06 and a 200 day simple moving average of $30.69. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $22.41 and a fifty-two week high of $33.18. The company has a market cap of $12.78 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08.

Schwab U.S. Mid-Cap ETF 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.