Schwab U.S. Mid-Cap ETF $SCHM is Legacy Wealth Management Inc’s 6th Largest Position

Legacy Wealth Management Inc raised its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,204,735 shares of the company’s stock after acquiring an additional 22,803 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up approximately 7.3% of Legacy Wealth Management Inc’s portfolio, making the stock its 6th biggest position. Legacy Wealth Management Inc owned 1.02% of Schwab U.S. Mid-Cap ETF worth $124,628,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Brighton Jones LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 200.4% during the 4th quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after buying an additional 15,538 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 194.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock worth $3,187,000 after acquiring an additional 75,941 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Schwab U.S. Mid-Cap ETF by 467.1% during the first quarter. Russell Investments Group Ltd. now owns 2,444 shares of the company’s stock worth $64,000 after acquiring an additional 2,013 shares during the period. CW Advisors LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 16.5% in the first quarter. CW Advisors LLC now owns 230,460 shares of the company’s stock valued at $6,065,000 after acquiring an additional 32,604 shares in the last quarter. Finally, Compound Planning Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 4.6% in the first quarter. Compound Planning Inc. now owns 63,014 shares of the company’s stock valued at $1,651,000 after purchasing an additional 2,750 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM opened at $30.45 on Friday. The business has a fifty day moving average price of $29.72 and a 200 day moving average price of $29.15. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $30.91. The stock has a market capitalization of $12.37 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08.

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.