N.E.W. Advisory Services LLC Has $9.92 Million Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

N.E.W. Advisory Services LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 497.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 330,011 shares of the company’s stock after buying an additional 274,764 shares during the period. Schwab U.S. Mid-Cap ETF makes up 0.7% of N.E.W. Advisory Services LLC’s holdings, making the stock its 28th biggest holding. N.E.W. Advisory Services LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $9,923,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SCHM. Fifth Third Bancorp acquired a new position in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth about $30,000. Accredited Wealth Management LLC lifted its position in Schwab U.S. Mid-Cap ETF by 100.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock worth $30,000 after buying an additional 502 shares in the last quarter. Ransom Advisory Ltd acquired a new position in Schwab U.S. Mid-Cap ETF during the 4th quarter worth about $32,000. Guerra Advisors Inc acquired a new position in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth about $33,000. Finally, Geneos Wealth Management Inc. lifted its position in Schwab U.S. Mid-Cap ETF by 54.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock worth $41,000 after buying an additional 519 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.4%

Schwab U.S. Mid-Cap ETF stock opened at $33.65 on Friday. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.88 and a 1 year high of $34.21. The company has a market cap of $14.11 billion, a PE ratio of 18.83 and a beta of 1.05. The company’s 50-day moving average is $32.10 and its two-hundred day moving average is $31.05.

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.