World Investment Advisors Invests $454,000 in Schwab U.S. Mid-Cap ETF $SCHM

World Investment Advisors purchased a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,263 shares of the company’s stock, valued at approximately $454,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 200.4% during the fourth quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after acquiring an additional 15,538 shares during the period. Revolve Wealth Partners LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 194.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $3,187,000 after acquiring an additional 75,941 shares during the period. Royal Bank of Canada boosted its position in shares of Schwab U.S. Mid-Cap ETF by 5.1% during the 1st quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock worth $4,042,000 after purchasing an additional 7,443 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 1.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock worth $12,707,000 after purchasing an additional 4,886 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 37.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,359 shares of the company’s stock worth $94,000 after purchasing an additional 915 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 1.9%

Shares of SCHM opened at $34.18 on Thursday. The company has a 50-day simple moving average of $32.63 and a 200-day simple moving average of $31.60. The company has a market capitalization of $14.35 billion, a PE ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 52-week low of $26.45 and a 52-week high of $35.03.

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.