Paradigm Strategies in Wealth Management LLC Raises Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Paradigm Strategies in Wealth Management LLC raised its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 190.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 120,311 shares of the company’s stock after purchasing an additional 78,909 shares during the period. Schwab U.S. Mid-Cap ETF comprises about 2.2% of Paradigm Strategies in Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. Paradigm Strategies in Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Cordant Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $30,000. Archer Investment Corp boosted its holdings in Schwab U.S. Mid-Cap ETF by 1,965.0% in the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after acquiring an additional 393 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth $41,000. Hantz Financial Services Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% in the third quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock worth $51,000 after acquiring an additional 575 shares during the last quarter. Finally, Lowe Wealth Advisors LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 2,124 shares of the company’s stock valued at $59,000 after acquiring an additional 1,416 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $28.49 on Thursday. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.17 and a 1 year high of $30.28. The firm’s 50-day moving average is $28.74 and its 200 day moving average is $27.58. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

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.