Miracle Mile Advisors LLC increased its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 93.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 134,789 shares of the company’s stock after purchasing an additional 65,112 shares during the period. Miracle Mile Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,735,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cordant Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter valued at approximately $30,000. Archer Investment Corp increased its position in Schwab U.S. Mid-Cap ETF by 1,965.0% during the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after purchasing an additional 393 shares during the period. Massmutual Trust Co. FSB ADV bought a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth $41,000. Hantz Financial Services Inc. raised its holdings in Schwab U.S. Mid-Cap ETF by 1,742.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock worth $51,000 after purchasing an additional 575 shares in the last quarter. Finally, Global Wealth Strategies & Associates lifted its position in shares of Schwab U.S. Mid-Cap ETF by 28.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 735 shares of the company’s stock worth $61,000 after purchasing an additional 161 shares during the period.
Schwab U.S. Mid-Cap ETF Price Performance
Shares of NYSEARCA SCHM opened at $27.86 on Tuesday. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.17 and a 1 year high of $30.28. The stock has a market capitalization of $3.99 billion, a P/E ratio of 16.47 and a beta of 1.09. The company’s 50-day moving average is $28.75 and its 200 day moving average is $27.56.
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.
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Want to see what other hedge funds are holding SCHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report).
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