Magnolia Private Wealth LLC Takes $275,000 Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Magnolia Private Wealth LLC acquired a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,930 shares of the company’s stock, valued at approximately $275,000.

Other hedge funds have also added to or reduced their stakes in the company. Advisory Alpha LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 195.3% in the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock valued at $158,471,000 after acquiring an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc raised its stake in shares of Schwab U.S. Mid-Cap ETF by 203.9% during the 4th quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after purchasing an additional 2,804,735 shares in the last quarter. Fragasso Financial Advisors Inc boosted its holdings in shares of 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 valued at $92,695,000 after buying an additional 2,234,519 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 2.6% in the third quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock valued at $270,683,000 after buying an additional 82,365 shares in the last quarter. Finally, JMG Financial Group Ltd. increased its holdings 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 worth $79,854,000 after buying an additional 1,910,992 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.2 %

NYSEARCA SCHM opened at $27.85 on Wednesday. The firm has a market capitalization of $11.33 billion, a P/E ratio of 19.14 and a beta of 1.15. The firm’s fifty day moving average price is $28.43 and its two-hundred day moving average price is $28.11. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.64 and a 1 year high of $30.28.

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.