Foundations Investment Advisors LLC Buys 18,462 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Foundations Investment Advisors LLC boosted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 73.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,443 shares of the company’s stock after purchasing an additional 18,462 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,288,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Creative Capital Management Investments LLC acquired a new position in Schwab U.S. Mid-Cap ETF in the second quarter valued at about $38,000. Geneos Wealth Management Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 54.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock worth $41,000 after acquiring an additional 519 shares during the period. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter worth approximately $42,000. Grey Fox Wealth Advisors LLC bought a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $64,000. Finally, Eastern Bank acquired a new position in Schwab U.S. Mid-Cap ETF during the third quarter valued at approximately $70,000.

Schwab U.S. Mid-Cap ETF Trading Down 0.9%

SCHM opened at $31.62 on Friday. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $32.60. The company has a market cap of $12.95 billion, a P/E ratio of 18.83 and a beta of 1.08. The company’s 50 day moving average is $30.87 and its 200-day moving average is $29.87.

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.