Continuum Wealth Advisors LLC Increases Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Continuum Wealth Advisors LLC boosted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 199.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 23,828 shares of the company’s stock after acquiring an additional 15,864 shares during the period. Schwab U.S. Mid-Cap ETF accounts for approximately 0.3% of Continuum Wealth Advisors LLC’s investment portfolio, making the stock its 28th biggest holding. Continuum Wealth Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $660,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHM. Advisory Alpha LLC grew its stake in Schwab U.S. Mid-Cap ETF by 195.3% during the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after buying an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc boosted its stake in Schwab U.S. Mid-Cap ETF by 203.9% in 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 grew its position in Schwab U.S. Mid-Cap ETF by 201.2% during the 4th quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock worth $92,695,000 after purchasing an additional 2,234,519 shares during the last quarter. JMG Financial Group Ltd. increased its stake in Schwab U.S. Mid-Cap ETF by 196.9% during the 4th quarter. JMG Financial Group Ltd. now owns 2,881,771 shares of the company’s stock valued at $79,854,000 after purchasing an additional 1,910,992 shares in the last quarter. Finally, Summit Financial Strategies Inc. lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 194.9% during the fourth quarter. Summit Financial Strategies Inc. now owns 1,939,998 shares of the company’s stock worth $53,757,000 after buying an additional 1,282,163 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA SCHM opened at $27.91 on Tuesday. The stock’s fifty day moving average price is $28.46 and its 200 day moving average price is $28.08. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.64 and a 1 year high of $30.28. The company has a market cap of $11.35 billion, a price-to-earnings ratio of 19.14 and a beta of 1.15.

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.