Clearwater Capital Advisors LLC Buys 275,500 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Clearwater Capital Advisors LLC lifted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 211.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 405,798 shares of the company’s stock after purchasing an additional 275,500 shares during the period. Schwab U.S. Mid-Cap ETF comprises approximately 1.1% of Clearwater Capital Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Clearwater Capital Advisors LLC owned about 0.28% of Schwab U.S. Mid-Cap ETF worth $11,245,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. grew its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after acquiring an additional 634 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock worth $27,000 after purchasing an additional 640 shares during the last quarter. Truvestments Capital LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock valued at $27,000 after purchasing an additional 656 shares during the period. Blume Capital Management Inc. raised its position in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Blume Capital Management Inc. now owns 1,050 shares of the company’s stock valued at $29,000 after purchasing an additional 700 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the company’s stock valued at $29,000 after purchasing an additional 686 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM opened at $26.25 on Monday. The stock has a market capitalization of $10.71 billion, a PE ratio of 18.04 and a beta of 1.16. The stock’s 50 day moving average price is $28.16 and its 200-day moving average price is $28.13. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.64 and a 52-week high of $30.28.

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.