Bernard Wealth Management Corp. Acquires 15,728 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Bernard Wealth Management Corp. increased its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 5.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 307,218 shares of the company’s stock after buying an additional 15,728 shares during the period. Schwab U.S. Mid-Cap ETF accounts for about 3.9% of Bernard Wealth Management Corp.’s portfolio, making the stock its 7th biggest position. Bernard Wealth Management Corp.’s holdings in Schwab U.S. Mid-Cap ETF were worth $8,049,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Financial Engines Advisors L.L.C. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 129.1% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock worth $1,646,017,000 after purchasing an additional 33,472,238 shares during the period. HighTower Advisors LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 209.3% during the 4th quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after purchasing an additional 6,819,239 shares during the period. Cerity Partners LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 196.5% during the 4th quarter. Cerity Partners LLC now owns 6,714,292 shares of the company’s stock worth $186,110,000 after purchasing an additional 4,449,523 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 198.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,089,280 shares of the company’s stock worth $168,734,000 after purchasing an additional 4,046,898 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter worth approximately $67,051,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM opened at $27.14 on Friday. The stock has a market capitalization of $11.25 billion, a price-to-earnings ratio of 19.13 and a beta of 1.07. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $30.28. The firm’s 50 day simple moving average is $26.21 and its 200-day simple moving average is $27.34.

Schwab U.S. Mid-Cap ETF Company 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.