Dorato Capital Management Makes New $2.36 Million Investment in Schwab U.S. Mid-Cap ETF $SCHM

Dorato Capital Management acquired a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 4th quarter, Holdings Channel reports. The fund acquired 74,180 shares of the company’s stock, valued at approximately $2,361,000. Schwab U.S. Mid-Cap ETF comprises approximately 1.8% of Dorato Capital Management’s investment portfolio, making the stock its 10th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHM. HighTower Advisors LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 1.9% in the third quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock worth $319,596,000 after purchasing an additional 198,793 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Schwab U.S. Mid-Cap ETF by 2.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 10,473,140 shares of the company’s stock worth $310,424,000 after buying an additional 200,917 shares during the period. Moneta Group Investment Advisors LLC lifted its position in shares of 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 lifted its position 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 acquiring 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% in 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 0.4%

NYSEARCA:SCHM opened at $31.39 on Friday. The company has a market capitalization of $12.85 billion, a P/E ratio of 18.83 and a beta of 1.08. The firm has a fifty day simple moving average of $31.89 and a 200-day simple moving average of $30.73. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $33.18.

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.