Novare Capital Management LLC Acquires 39,114 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Novare Capital Management LLC grew its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 141.7% during the 4th quarter, HoldingsChannel reports. The firm owned 66,708 shares of the company’s stock after purchasing an additional 39,114 shares during the quarter. Novare Capital Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,848,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Advisory Alpha LLC raised its position 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 purchasing an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc increased its stake in shares of Schwab U.S. Mid-Cap ETF by 203.9% in the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock valued at $115,828,000 after buying an additional 2,804,735 shares during the period. Fragasso Financial Advisors Inc raised its position in shares of Schwab U.S. Mid-Cap ETF by 201.2% during the fourth quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock worth $92,695,000 after acquiring an additional 2,234,519 shares during the last quarter. Gemmer Asset Management LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 209.9% in the fourth quarter. Gemmer Asset Management LLC now owns 1,516,709 shares of the company’s stock worth $42,028,000 after acquiring an additional 1,027,320 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Schwab U.S. Mid-Cap ETF by 33.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock valued at $177,692,000 after acquiring an additional 574,475 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA:SCHM opened at $29.20 on Friday. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.54 and a 52 week high of $30.28. The firm’s fifty day moving average is $28.73 and its 200-day moving average is $27.74. The firm has a market cap of $4.19 billion, a P/E ratio of 16.47 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF 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.