Belpointe Asset Management LLC Acquires 21,177 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Belpointe Asset Management LLC boosted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 85.8% in the third quarter, Holdings Channel reports. The institutional investor owned 45,867 shares of the company’s stock after acquiring an additional 21,177 shares during the quarter. Belpointe Asset Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,359,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 200.4% during the 4th quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock valued at $645,000 after purchasing an additional 15,538 shares during the period. Revolve Wealth Partners LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 194.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $3,187,000 after buying an additional 75,941 shares in the last quarter. Royal Bank of Canada increased its position in shares of Schwab U.S. Mid-Cap ETF by 5.1% during the first quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock valued at $4,042,000 after buying an additional 7,443 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Schwab U.S. Mid-Cap ETF by 1.0% during the first quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock valued at $12,707,000 after buying an additional 4,886 shares during the period. Finally, Powers Advisory Group LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.8% in the second quarter. Powers Advisory Group LLC now owns 169,298 shares of the company’s stock worth $4,749,000 after buying an additional 4,585 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA:SCHM opened at $31.94 on Thursday. The firm has a fifty day moving average price of $30.75 and a two-hundred day moving average price of $29.83. The company has a market cap of $13.06 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a one year low of $22.41 and a one year high of $32.60.

Schwab U.S. Mid-Cap ETF Company 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.