IF Advisors LLC Purchases New Shares in Schwab U.S. Mid-Cap ETF $SCHM

IF Advisors LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 31,369 shares of the company’s stock, valued at approximately $943,000. Schwab U.S. Mid-Cap ETF makes up approximately 0.8% of IF Advisors LLC’s investment portfolio, making the stock its 26th biggest position.

Several other hedge funds also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 4.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock valued at $328,744,000 after purchasing an additional 459,489 shares in the last quarter. HighTower Advisors LLC raised its stake in Schwab U.S. Mid-Cap ETF by 1.9% during the third quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock valued at $319,596,000 after buying an additional 198,793 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in Schwab U.S. Mid-Cap ETF by 5.9% during the third quarter. Moneta Group Investment Advisors LLC now owns 10,021,294 shares of the company’s stock valued at $297,031,000 after buying an additional 555,701 shares during the last quarter. Advisory Alpha LLC raised its stake in Schwab U.S. Mid-Cap ETF by 6.8% during the third quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after buying an additional 568,609 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Schwab U.S. Mid-Cap ETF by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,748,603 shares of the company’s stock valued at $180,506,000 after buying an additional 15,350 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.1%

Shares of NYSEARCA:SCHM opened at $35.33 on Friday. The stock has a fifty day simple moving average of $33.16 and a two-hundred day simple moving average of $31.86. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 12-month low of $26.64 and a 12-month high of $35.44.

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.