Fragasso Financial Advisors Inc increased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 0.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 2,928,064 shares of the company’s stock after buying an additional 19,484 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 5.5% of Fragasso Financial Advisors Inc’s investment portfolio, making the stock its 4th largest holding. Fragasso Financial Advisors Inc’s holdings in Schwab U.S. Mid-Cap ETF were worth $87,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Atwood & Palmer Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at $25,000. Creative Capital Management Investments LLC bought a new stake in Schwab U.S. Mid-Cap ETF during the second quarter worth about $38,000. Roxbury Financial LLC acquired a new stake in Schwab U.S. Mid-Cap ETF during the second quarter worth about $39,000. Geneos Wealth Management Inc. increased its holdings in Schwab U.S. Mid-Cap ETF by 54.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock valued at $41,000 after buying an additional 519 shares during the period. Finally, Mid American Wealth Advisory Group Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at approximately $42,000.
Schwab U.S. Mid-Cap ETF Trading Down 0.6%
Shares of Schwab U.S. Mid-Cap ETF stock opened at $30.15 on Wednesday. The company has a market cap of $12.25 billion, a PE ratio of 18.83 and a beta of 1.08. The company has a 50 day moving average of $29.68 and a 200-day moving average of $29.10. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $30.91.
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.
Further Reading
- Five stocks we like better than Schwab U.S. Mid-Cap ETF
- Stock Sentiment Analysis: How it Works
- Why Taiwan Semiconductor’s 6.5% Dip Could Be a Smart Buy
- How to Most Effectively Use the MarketBeat Earnings Screener
- RTX Surges to Record Highs as Defense Orders Explode
- Insider Trades May Not Tell You What You Think
- Smart Money Is Buying Auto Suppliers, Not Car Brands
Want to see what other hedge funds are holding SCHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report).
Receive News & Ratings for Schwab U.S. Mid-Cap ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab U.S. Mid-Cap ETF and related companies with MarketBeat.com's FREE daily email newsletter.
