Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Stake Lifted by Reston Wealth Management LLC

Reston Wealth Management LLC raised its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 233.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 156,811 shares of the company’s stock after buying an additional 109,742 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up about 1.6% of Reston Wealth Management LLC’s investment portfolio, making the stock its 11th largest holding. Reston Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $4,345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SCHM. Advisory Alpha LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 195.3% during the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after purchasing an additional 3,782,365 shares during the period. Legacy Wealth Management Inc boosted its position in shares of Schwab U.S. Mid-Cap ETF by 203.9% during the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after buying an additional 2,804,735 shares during the period. Fragasso Financial Advisors Inc grew its holdings in Schwab U.S. Mid-Cap ETF by 201.2% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock worth $92,695,000 after buying an additional 2,234,519 shares in the last quarter. Summit Financial Strategies Inc. increased its position in Schwab U.S. Mid-Cap ETF by 194.9% in the 4th quarter. Summit Financial Strategies Inc. now owns 1,939,998 shares of the company’s stock valued at $53,757,000 after acquiring an additional 1,282,163 shares during the period. Finally, Gemmer Asset Management LLC raised its stake in Schwab U.S. Mid-Cap ETF by 209.9% during the 4th quarter. Gemmer Asset Management LLC now owns 1,516,709 shares of the company’s stock valued at $42,028,000 after acquiring an additional 1,027,320 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.5 %

Shares of NYSEARCA SCHM opened at $28.90 on Thursday. The stock has a market cap of $4.14 billion, a P/E ratio of 16.47 and a beta of 1.09. The firm’s 50-day simple moving average is $28.75 and its 200 day simple moving average is $27.79. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.54 and a fifty-two week high of $30.28.

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.