Stevens Capital Partners Increases Position in Schwab U.S. Mid-Cap ETF $SCHM

Stevens Capital Partners grew its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 94.6% during the second quarter, HoldingsChannel reports. The institutional investor owned 25,428 shares of the company’s stock after buying an additional 12,360 shares during the period. Stevens Capital Partners’ holdings in Schwab U.S. Mid-Cap ETF were worth $723,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Advisory Alpha LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 27.7% during the 1st quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock valued at $191,211,000 after acquiring an additional 1,581,924 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter valued at $40,844,000. Creative Planning boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 2.4% during the second quarter. Creative Planning now owns 29,603,590 shares of the company’s stock valued at $830,381,000 after purchasing an additional 684,597 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 8.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock worth $214,880,000 after purchasing an additional 616,733 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in Schwab U.S. Mid-Cap ETF by 28.6% in the 1st quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock worth $43,409,000 after buying an additional 368,908 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Schwab U.S. Mid-Cap ETF stock opened at $29.95 on Thursday. The stock has a market cap of $12.17 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. The firm has a 50-day moving average of $29.56 and a two-hundred day moving average of $28.80. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $30.31.

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.