Miracle Mile Advisors LLC Decreases Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Miracle Mile Advisors LLC decreased its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 10.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 121,128 shares of the company’s stock after selling 13,661 shares during the period. Miracle Mile Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,174,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHM. Financial Engines Advisors L.L.C. increased its stake in Schwab U.S. Mid-Cap ETF by 129.1% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock valued at $1,646,017,000 after buying an additional 33,472,238 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 209.3% during the 4th quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock valued at $279,249,000 after acquiring an additional 6,819,239 shares during the period. Cerity Partners LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 196.5% during the 4th quarter. Cerity Partners LLC now owns 6,714,292 shares of the company’s stock valued at $186,110,000 after acquiring an additional 4,449,523 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 198.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,089,280 shares of the company’s stock valued at $168,734,000 after acquiring an additional 4,046,898 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at approximately $67,051,000.

Schwab U.S. Mid-Cap ETF Stock Up 1.1%

Schwab U.S. Mid-Cap ETF stock opened at $27.54 on Monday. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve month high of $30.28. The firm has a 50 day moving average price of $25.90 and a 200-day moving average price of $27.39. The company has a market capitalization of $11.42 billion, a P/E ratio of 19.13 and a beta of 1.07.

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.