Opal Wealth Advisors LLC Acquires 35,389 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Opal Wealth Advisors LLC lifted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 215.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,821 shares of the company’s stock after buying an additional 35,389 shares during the quarter. Opal Wealth Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,436,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SCHM. Advisory Alpha LLC lifted its position in Schwab U.S. Mid-Cap ETF by 195.3% during the fourth quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after acquiring an additional 3,782,365 shares during the last quarter. Legacy Wealth Management Inc lifted its stake in Schwab U.S. Mid-Cap ETF by 203.9% during the fourth quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after purchasing an additional 2,804,735 shares during the last quarter. Fragasso Financial Advisors Inc boosted its stake in Schwab U.S. Mid-Cap ETF by 201.2% in the fourth quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after buying an additional 2,234,519 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.6% during the 3rd quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock valued at $270,683,000 after purchasing an additional 82,365 shares during the last quarter. Finally, Cerity Partners LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 14.6% during the third quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock worth $188,180,000 after buying an additional 287,937 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.9 %

Shares of SCHM opened at $28.75 on Monday. The stock’s 50-day moving average price is $28.62 and its two-hundred day moving average price is $27.89. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.64 and a 12 month high of $30.28. The company has a market capitalization of $4.12 billion, a PE ratio of 16.47 and a beta of 1.09.

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.