Opal Wealth Advisors LLC Raises Stock Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Opal Wealth Advisors LLC lifted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 11.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 59,199 shares of the company’s stock after purchasing an additional 5,983 shares during the period. Schwab U.S. Mid-Cap ETF comprises approximately 0.5% of Opal Wealth Advisors LLC’s portfolio, making the stock its 28th largest holding. Opal Wealth Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,661,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 8.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock worth $214,880,000 after buying an additional 616,733 shares during the period. Advisory Alpha LLC grew its stake in Schwab U.S. Mid-Cap ETF by 27.7% in the first quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock worth $191,211,000 after purchasing an additional 1,581,924 shares in the last quarter. Cerity Partners LLC grew its stake in Schwab U.S. Mid-Cap ETF by 2.9% in the first quarter. Cerity Partners LLC now owns 6,908,231 shares of the company’s stock worth $180,996,000 after purchasing an additional 193,939 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Schwab U.S. Mid-Cap ETF by 198.1% in the fourth 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 in the last quarter. Finally, Legacy Wealth Management Inc grew its stake in Schwab U.S. Mid-Cap ETF by 0.6% in the first quarter. Legacy Wealth Management Inc now owns 4,203,019 shares of the company’s stock worth $110,119,000 after purchasing an additional 23,009 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.2%

Shares of NYSEARCA:SCHM opened at $29.90 on Tuesday. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $30.28. The stock has a market cap of $12.32 billion, a P/E ratio of 18.83 and a beta of 1.13. The business’s 50 day moving average is $29.15 and its 200 day moving average is $27.48.

About Schwab U.S. Mid-Cap ETF

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.