Waterfront Wealth Inc. Purchases 461 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Waterfront Wealth Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 0.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 65,765 shares of the company’s stock after acquiring an additional 461 shares during the period. Waterfront Wealth Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JMG Financial Group Ltd. boosted its stake in Schwab U.S. Mid-Cap ETF by 196.9% during the fourth quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock valued at $79,854,000 after buying an additional 1,910,992 shares during the last quarter. Trinity Legacy Partners LLC raised its position in Schwab U.S. Mid-Cap ETF by 2.7% during the fourth quarter. Trinity Legacy Partners LLC now owns 448,665 shares of the company’s stock valued at $12,433,000 after purchasing an additional 11,959 shares during the period. Schaeffer Financial LLC raised its position in Schwab U.S. Mid-Cap ETF by 204.7% during the fourth quarter. Schaeffer Financial LLC now owns 322,719 shares of the company’s stock valued at $8,943,000 after purchasing an additional 216,789 shares during the period. One Day In July LLC raised its position in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. One Day In July LLC now owns 7,875 shares of the company’s stock valued at $218,000 after purchasing an additional 5,250 shares during the period. Finally, Aspen Investment Management Inc raised its position in Schwab U.S. Mid-Cap ETF by 196.1% during the fourth quarter. Aspen Investment Management Inc now owns 22,799 shares of the company’s stock valued at $632,000 after purchasing an additional 15,099 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $28.69 on Friday. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.64 and a 1 year high of $30.28. The stock’s 50 day simple moving average is $28.49 and its two-hundred day simple moving average is $28.02. The company has a market cap of $4.11 billion, a PE ratio of 16.47 and a beta of 1.09.

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.