304,332 Shares in Schwab U.S. Mid-Cap ETF $SCHM Purchased by Monetary Solutions Ltd

Monetary Solutions Ltd acquired a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, Holdings Channel reports. The firm acquired 304,332 shares of the company’s stock, valued at approximately $9,151,000. Schwab U.S. Mid-Cap ETF comprises 9.0% of Monetary Solutions Ltd’s holdings, making the stock its 2nd biggest holding.

Several other institutional investors have also added to or reduced their stakes in SCHM. Northwestern Mutual Wealth Management Co. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 4.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock worth $328,744,000 after purchasing an additional 459,489 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 6.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after buying an additional 648,134 shares in the last quarter. Advisory Alpha LLC lifted its stake 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 buying an additional 568,609 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 0.3% in the 4th 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 period. Finally, Legacy Wealth Management Inc boosted its holdings in Schwab U.S. Mid-Cap ETF by 2.7% in the 4th quarter. Legacy Wealth Management Inc now owns 4,319,152 shares of the company’s stock worth $129,877,000 after buying an additional 114,417 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Up 1.5%

Schwab U.S. Mid-Cap ETF stock opened at $36.09 on Friday. Schwab U.S. Mid-Cap ETF has a 1-year low of $27.10 and a 1-year high of $36.65. The firm has a market capitalization of $15.16 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. The firm has a 50 day simple moving average of $34.42 and a 200 day simple moving average of $32.49.

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.