Financially in Tune LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) during the 4th quarter, Holdings Channel.com reports. The fund purchased 47,914 shares of the company’s stock, valued at approximately $1,441,000. Schwab U.S. Mid-Cap ETF accounts for about 1.3% of Financially in Tune LLC’s portfolio, making the stock its 18th biggest holding.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHM. Fifth Third Bancorp bought a new stake in Schwab U.S. Mid-Cap ETF in the third quarter worth about $30,000. Accredited Wealth Management LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 100.0% during the third quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after buying an additional 502 shares during the last quarter. Kingdom Financial Group LLC. bought a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter valued at approximately $31,000. Ransom Advisory Ltd purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth approximately $32,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth approximately $36,000.
Schwab U.S. Mid-Cap ETF Price Performance
SCHM stock opened at $36.09 on Friday. Schwab U.S. Mid-Cap ETF has a twelve month low of $27.10 and a twelve month high of $36.65. The firm has a market cap of $15.16 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. The business’s fifty day simple moving average is $34.50 and its two-hundred day simple moving average is $32.51.
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.
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