Schwab U.S. Mid-Cap ETF $SCHM Stock: Legacy Wealth Management LLC Increases Position

Legacy Wealth Management LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,330,359 shares of the company’s stock after purchasing an additional 43,883 shares during the period. Schwab U.S. Mid-Cap ETF makes up 7.8% of Legacy Wealth Management LLC’s portfolio, making the stock its 6th biggest position. Legacy Wealth Management LLC owned 1.02% of Schwab U.S. Mid-Cap ETF worth $147,319,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fragasso Financial Advisors Inc lifted its holdings in Schwab U.S. Mid-Cap ETF by 0.7% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 2,888,481 shares of the company’s stock worth $100,086,000 after buying an additional 20,487 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Schwab U.S. Mid-Cap ETF by 9.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,553,972 shares of the company’s stock valued at $57,157,000 after buying an additional 139,644 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its position in Schwab U.S. Mid-Cap ETF by 5.2% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 1,198,872 shares of the company’s stock valued at $44,202,000 after buying an additional 59,632 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Schwab U.S. Mid-Cap ETF by 9.5% during the first quarter. Cetera Investment Advisers now owns 1,285,570 shares of the company’s stock valued at $39,801,000 after acquiring an additional 111,937 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the first quarter valued at about $39,615,000.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA SCHM opened at $34.54 on Friday. Schwab U.S. Mid-Cap ETF has a 1 year low of $28.25 and a 1 year high of $36.92. The firm has a market cap of $14.61 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. The stock’s 50-day simple moving average is $35.03 and its 200-day simple moving average is $34.95.

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.