Clearwater Capital Advisors LLC Acquires 275,500 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Clearwater Capital Advisors LLC lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 211.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 405,798 shares of the company’s stock after purchasing an additional 275,500 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises approximately 1.1% of Clearwater Capital Advisors LLC’s holdings, making the stock its 23rd largest position. Clearwater Capital Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $11,245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHM. Farmers & Merchants Investments Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 951 shares of the company’s stock worth $26,000 after acquiring an additional 634 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after purchasing an additional 640 shares in the last quarter. Truvestments Capital LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock worth $27,000 after buying an additional 656 shares during the last quarter. Blume Capital Management Inc. lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Blume Capital Management Inc. now owns 1,050 shares of the company’s stock worth $29,000 after buying an additional 700 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the company’s stock worth $29,000 after buying an additional 686 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 2.6 %

Shares of SCHM opened at $26.25 on Monday. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.64 and a twelve month high of $30.28. The company has a market capitalization of $10.71 billion, a P/E ratio of 18.04 and a beta of 1.16. The firm has a 50 day moving average of $28.16 and a 200 day moving average of $28.13.

About Schwab U.S. Mid-Cap ETF

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.