Cantor Fitzgerald Investment Advisors L.P. Buys 28,430 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Cantor Fitzgerald Investment Advisors L.P. boosted its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 12.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 261,445 shares of the company’s stock after buying an additional 28,430 shares during the period. Cantor Fitzgerald Investment Advisors L.P. owned approximately 0.06% of Schwab U.S. Mid-Cap ETF worth $7,334,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Northeast Financial Group Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 2.8% in the second quarter. Northeast Financial Group Inc. now owns 843,993 shares of the company’s stock worth $23,674,000 after acquiring an additional 23,326 shares during the last quarter. PFG Investments LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 28.5% in the 2nd quarter. PFG Investments LLC now owns 19,793 shares of the company’s stock worth $555,000 after purchasing an additional 4,391 shares in the last quarter. Truist Financial Corp grew its position in Schwab U.S. Mid-Cap ETF by 3.4% during the 2nd quarter. Truist Financial Corp now owns 314,685 shares of the company’s stock valued at $8,827,000 after purchasing an additional 10,209 shares during the last quarter. Powers Advisory Group LLC grew its position in Schwab U.S. Mid-Cap ETF by 2.8% during the 2nd quarter. Powers Advisory Group LLC now owns 169,298 shares of the company’s stock valued at $4,749,000 after purchasing an additional 4,585 shares during the last quarter. Finally, Pennsylvania Capital Management Inc. ADV increased its stake in Schwab U.S. Mid-Cap ETF by 1.9% during the 2nd quarter. Pennsylvania Capital Management Inc. ADV now owns 31,136 shares of the company’s stock valued at $873,000 after purchasing an additional 570 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $29.77 on Thursday. The company has a 50-day simple moving average of $29.29 and a two-hundred day simple moving average of $27.63. The stock has a market capitalization of $12.27 billion, a PE ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $30.28.

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.