Falcon Wealth Planning Makes New $361,000 Investment in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Falcon Wealth Planning acquired a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, HoldingsChannel reports. The firm acquired 13,011 shares of the company’s stock, valued at approximately $361,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Watershed Private Wealth LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 190.0% during the fourth quarter. Watershed Private Wealth LLC now owns 26,203 shares of the company’s stock valued at $726,000 after purchasing an additional 17,167 shares during the period. Bensler LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 173.8% during the 4th quarter. Bensler LLC now owns 123,460 shares of the company’s stock valued at $3,421,000 after purchasing an additional 78,367 shares in the last quarter. Clarity Capital Advisors LLC increased its stake in Schwab U.S. Mid-Cap ETF by 149.0% during the 4th quarter. Clarity Capital Advisors LLC now owns 8,673 shares of the company’s stock worth $240,000 after buying an additional 5,190 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 218.4% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 13,141 shares of the company’s stock worth $364,000 after buying an additional 9,014 shares in the last quarter. Finally, Aspire Capital Advisors LLC boosted its position in Schwab U.S. Mid-Cap ETF by 200.5% in the 4th quarter. Aspire Capital Advisors LLC now owns 14,870 shares of the company’s stock valued at $412,000 after buying an additional 9,922 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA SCHM opened at $29.04 on Wednesday. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.54 and a 1 year high of $30.28. The stock’s 50-day simple moving average is $28.75 and its 200-day simple moving average is $27.79.

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.