Fortis Capital Management LLC Grows Position in Schwab U.S. Mid-Cap ETF $SCHM

Fortis Capital Management LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 8.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 394,341 shares of the company’s stock after acquiring an additional 29,694 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises about 1.6% of Fortis Capital Management LLC’s portfolio, making the stock its 13th largest holding. Fortis Capital Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $11,688,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of SCHM. Denver PWM LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 4.9% during the second quarter. Denver PWM LLC now owns 650,802 shares of the company’s stock valued at $18,255,000 after purchasing an additional 30,453 shares in the last quarter. Caprock Group LLC purchased a new position in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at approximately $697,000. Arkadios Wealth Advisors bought a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $727,000. Belpointe Asset Management LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 85.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 45,867 shares of the company’s stock worth $1,359,000 after acquiring an additional 21,177 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at approximately $478,000.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $32.97 on Monday. The firm has a fifty day moving average price of $31.58 and a 200 day moving average price of $30.28. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $22.41 and a fifty-two week high of $33.18. The firm has a market cap of $13.50 billion, a PE ratio of 18.83 and a beta of 1.08.

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.