Sightline Wealth Advisors LLC Buys 225,752 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Sightline Wealth Advisors LLC lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 198.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 339,599 shares of the company’s stock after buying an additional 225,752 shares during the period. Schwab U.S. Mid-Cap ETF comprises approximately 5.1% of Sightline Wealth Advisors LLC’s holdings, making the stock its 6th largest holding. Sightline Wealth Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $9,410,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of SCHM. Bank of New York Mellon Corp grew its stake in Schwab U.S. Mid-Cap ETF by 53.7% during the second quarter. Bank of New York Mellon Corp now owns 5,938 shares of the company’s stock worth $462,000 after buying an additional 2,074 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Schwab U.S. Mid-Cap ETF during the 2nd quarter worth approximately $71,000. GHP Investment Advisors Inc. grew its position in Schwab U.S. Mid-Cap ETF by 2.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 12,868 shares of the company’s stock worth $1,001,000 after acquiring an additional 254 shares during the last quarter. Parallel Advisors LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 6.8% during the 2nd quarter. Parallel Advisors LLC now owns 12,152 shares of the company’s stock valued at $946,000 after purchasing an additional 779 shares in the last quarter. Finally, Thoroughbred Financial Services LLC raised its position in Schwab U.S. Mid-Cap ETF by 3.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 12,521 shares of the company’s stock valued at $974,000 after purchasing an additional 381 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Schwab U.S. Mid-Cap ETF stock traded up $0.24 on Monday, reaching $27.86. The company’s stock had a trading volume of 1,131,532 shares, compared to its average volume of 1,276,332. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.17 and a twelve month high of $30.28. The business’s fifty day moving average price is $28.74 and its 200 day moving average price is $27.54. The company has a market cap of $3.99 billion, a price-to-earnings 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.