Benchmark Wealth Management LLC Raises Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Benchmark Wealth Management LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 232.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,059 shares of the company’s stock after buying an additional 36,410 shares during the period. Schwab U.S. Mid-Cap ETF accounts for about 0.7% of Benchmark Wealth Management LLC’s portfolio, making the stock its 17th largest holding. Benchmark Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,443,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 2.6% during the 3rd quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock worth $270,683,000 after purchasing an additional 82,365 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Schwab U.S. Mid-Cap ETF by 33.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock valued at $177,692,000 after acquiring an additional 574,475 shares during the last quarter. Cerity Partners LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 14.6% in the 3rd quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock worth $188,180,000 after purchasing an additional 287,937 shares in the last quarter. Advisory Alpha LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 7.2% during the 2nd quarter. Advisory Alpha LLC now owns 1,837,312 shares of the company’s stock worth $143,004,000 after purchasing an additional 123,777 shares during the last quarter. Finally, Legacy Wealth Management Inc grew its position in shares of Schwab U.S. Mid-Cap ETF by 2.3% in the third quarter. Legacy Wealth Management Inc now owns 1,375,275 shares of the company’s stock valued at $114,272,000 after purchasing an additional 30,294 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA:SCHM traded down $0.26 during midday trading on Tuesday, hitting $27.83. The company had a trading volume of 1,462,931 shares, compared to its average volume of 1,244,894. The business’s 50-day simple moving average is $28.73 and its 200-day simple moving average is $27.49. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.17 and a twelve month high of $30.28.

Schwab U.S. Mid-Cap ETF Company 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.