93 Financial Group LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,616,678 shares of the company’s stock, valued at approximately $48,614,000. Schwab U.S. Mid-Cap ETF makes up 21.2% of 93 Financial Group LLC’s investment portfolio, making the stock its 2nd biggest position.
Several other institutional investors also recently bought and sold shares of the business. Fifth Third Bancorp purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $30,000. Accredited Wealth Management LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 100.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock worth $30,000 after buying an additional 502 shares during the period. Kingdom Financial Group LLC. purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at approximately $31,000. Ransom Advisory Ltd purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at approximately $32,000. Finally, International Assets Investment Management LLC acquired a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at $36,000.
Schwab U.S. Mid-Cap ETF Stock Performance
Schwab U.S. Mid-Cap ETF stock opened at $36.09 on Friday. The stock has a market capitalization of $15.16 billion, a P/E ratio of 18.83 and a beta of 1.04. The company’s fifty day moving average price is $34.42 and its 200 day moving average price is $32.49. Schwab U.S. Mid-Cap ETF has a 1 year low of $27.10 and a 1 year high of $36.65.
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.
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