Contravisory Investment Management Inc. Has $67,000 Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Contravisory Investment Management Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 21.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 818 shares of the company’s stock after buying an additional 142 shares during the quarter. Contravisory Investment Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $67,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SCHM. Cerity Partners LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 1,509.2% in the 4th quarter. Cerity Partners LLC now owns 18,943,319 shares of the company’s stock valued at $1,426,811,000 after purchasing an additional 17,766,110 shares during the period. Creative Planning raised its stake in Schwab U.S. Mid-Cap ETF by 0.3% in the 4th quarter. Creative Planning now owns 10,259,228 shares of the company’s stock valued at $772,725,000 after acquiring an additional 25,791 shares during the period. Moneta Group Investment Advisors LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 5.6% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 1,841,803 shares of the company’s stock valued at $124,653,000 after buying an additional 97,614 shares in the last quarter. Prime Capital Investment Advisors LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 0.3% in the 4th quarter. Prime Capital Investment Advisors LLC now owns 1,718,778 shares of the company’s stock valued at $129,458,000 after buying an additional 5,820 shares in the last quarter. Finally, Advisory Alpha LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 3.2% in the 4th quarter. Advisory Alpha LLC now owns 1,530,160 shares of the company’s stock valued at $115,258,000 after buying an additional 47,415 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM opened at $78.27 on Monday. The firm has a market cap of $11.22 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a one year low of $62.87 and a one year high of $81.74. The stock’s fifty day moving average price is $78.33 and its two-hundred day moving average price is $77.09.

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.