Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) is McCarthy Asset Management Inc.’s 9th Largest Position

McCarthy Asset Management Inc. grew its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 187.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 162,189 shares of the company’s stock after acquiring an additional 105,713 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises about 3.2% of McCarthy Asset Management Inc.’s portfolio, making the stock its 9th biggest position. McCarthy Asset Management Inc. owned approximately 0.11% of Schwab U.S. Mid-Cap ETF worth $4,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHM. Financial Engines Advisors L.L.C. grew its stake in Schwab U.S. Mid-Cap ETF by 129.1% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock valued at $1,646,017,000 after purchasing an additional 33,472,238 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 209.3% in the 4th quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock valued at $279,249,000 after buying an additional 6,819,239 shares in the last quarter. Cerity Partners LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 196.5% in the 4th quarter. Cerity Partners LLC now owns 6,714,292 shares of the company’s stock worth $186,110,000 after buying an additional 4,449,523 shares during the last quarter. Advisory Alpha LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 195.3% during the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after acquiring an additional 3,782,365 shares in the last quarter. Finally, Legacy Wealth Management Inc lifted its position in Schwab U.S. Mid-Cap ETF by 203.9% during the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock valued at $115,828,000 after acquiring an additional 2,804,735 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.3%

Shares of SCHM opened at $27.62 on Wednesday. The company has a market cap of $11.48 billion, a price-to-earnings ratio of 19.13 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve month high of $30.28. The company has a 50 day moving average of $25.76 and a two-hundred day moving average of $27.55.

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.