Advocacy Wealth Management LLC Boosts Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Advocacy Wealth Management LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 5.9% in the fourth quarter, HoldingsChannel reports. The fund owned 1,559,425 shares of the company’s stock after purchasing an additional 86,487 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up 2.0% of Advocacy Wealth Management LLC’s portfolio, making the stock its 16th largest position. Advocacy Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $46,892,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SCHM. Brighton Jones LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.4% in the fourth quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after buying an additional 15,538 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in shares of 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 worth $3,187,000 after buying an additional 75,941 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 5.1% in the first quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock worth $4,042,000 after buying an additional 7,443 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock worth $12,707,000 after buying an additional 4,886 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 37.4% in the second quarter. Russell Investments Group Ltd. now owns 3,359 shares of the company’s stock worth $94,000 after buying an additional 915 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.3%

NYSEARCA SCHM opened at $34.92 on Tuesday. The company has a fifty day simple moving average of $33.68 and a two-hundred day simple moving average of $32.13. The stock has a market cap of $14.66 billion, a P/E ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 12-month low of $27.05 and a 12-month high of $35.85.

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.