Schwab U.S. Mid-Cap ETF $SCHM Stake Boosted by Diversify Wealth Management LLC

Diversify Wealth Management LLC lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 20.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,944 shares of the company’s stock after acquiring an additional 29,349 shares during the quarter. Diversify Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $5,798,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valmark Advisers Inc. grew its stake in Schwab U.S. Mid-Cap ETF by 3.2% in the first quarter. Valmark Advisers Inc. now owns 114,248 shares of the company’s stock valued at $3,537,000 after purchasing an additional 3,557 shares in the last quarter. Capital Squared Financial LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 6.5% during the 1st quarter. Capital Squared Financial LLC now owns 67,507 shares of the company’s stock worth $2,090,000 after purchasing an additional 4,109 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 519.4% during the 1st quarter. Fifth Third Bancorp now owns 25,706 shares of the company’s stock valued at $796,000 after buying an additional 21,556 shares during the last quarter. American Trust lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 9.9% during the 1st quarter. American Trust now owns 8,514 shares of the company’s stock valued at $264,000 after buying an additional 764 shares during the last quarter. Finally, Sachetta LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.3% during the 1st quarter. Sachetta LLC now owns 26,302 shares of the company’s stock valued at $814,000 after buying an additional 583 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA SCHM opened at $35.81 on Monday. The business has a 50 day simple moving average of $35.31 and a 200 day simple moving average of $33.14. Schwab U.S. Mid-Cap ETF has a 52 week low of $27.76 and a 52 week high of $36.90. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 18.83 and a beta of 1.03.

Schwab U.S. Mid-Cap ETF 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.