Morris Financial Concepts Inc. Has $68,000 Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Morris Financial Concepts Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,460 shares of the company’s stock after acquiring an additional 1,640 shares during the quarter. Morris Financial Concepts Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $68,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Sawgrass Asset Management LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 204.3% during the 4th quarter. Sawgrass Asset Management LLC now owns 38,729 shares of the company’s stock worth $1,073,000 after purchasing an additional 26,003 shares in the last quarter. Park Capital Management LLC WI acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter worth approximately $460,000. Castle Wealth Management LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 198.2% during the 4th quarter. Castle Wealth Management LLC now owns 16,760 shares of the company’s stock worth $464,000 after purchasing an additional 11,140 shares in the last quarter. Warren Street Wealth Advisors LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 169.3% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 18,978 shares of the company’s stock worth $526,000 after acquiring an additional 11,930 shares in the last quarter. Finally, Naples Global Advisors LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 188.3% during the 4th quarter. Naples Global Advisors LLC now owns 45,122 shares of the company’s stock worth $1,250,000 after acquiring an additional 29,470 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA:SCHM opened at $28.52 on Thursday. The company’s 50 day simple moving average is $28.58 and its 200 day simple moving average is $27.93. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. 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.