Strategic Financial Planning Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,035 shares of the company’s stock after acquiring an additional 307 shares during the period. Schwab U.S. Mid-Cap ETF accounts for 1.6% of Strategic Financial Planning Inc.’s investment portfolio, making the stock its 18th biggest holding. Strategic Financial Planning Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,694,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Baltimore Washington Financial Advisors Inc. bought a new position in Schwab U.S. Mid-Cap ETF during the first quarter valued at approximately $2,658,000. Worth Asset Management LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 1st quarter worth $29,000. Sound Income Strategies LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 77.1% during the 3rd quarter. Sound Income Strategies LLC now owns 471 shares of the company’s stock valued at $32,000 after purchasing an additional 205 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 1,285.7% in the 3rd quarter. Fifth Third Bancorp now owns 485 shares of the company’s stock valued at $33,000 after purchasing an additional 450 shares during the last quarter. Finally, Indiana Trust & Investment Management CO bought a new stake in Schwab U.S. Mid-Cap ETF in the third quarter worth $35,000.
Schwab U.S. Mid-Cap ETF Price Performance
NYSEARCA SCHM opened at $75.89 on Monday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $62.87 and a fifty-two week high of $76.07. The stock’s 50-day moving average is $74.07 and its two-hundred day moving average is $70.60. The firm has a market cap of $10.53 billion, a P/E ratio of 12.93 and a beta of 1.13.
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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