Scarborough Advisors LLC Acquires New Position in Schwab U.S. Mid-Cap ETF $SCHM

Scarborough Advisors LLC acquired a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the first quarter, HoldingsChannel reports. The fund acquired 250,789 shares of the company’s stock, valued at approximately $7,764,000.

A number of other institutional investors have also recently bought and sold shares of the business. Godsey & Gibb Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 1st quarter valued at $29,000. Evergreen Advisors LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the first quarter worth $29,000. Kingdom Financial Group LLC. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth $31,000. Archer Investment Corp grew its stake in shares of Schwab U.S. Mid-Cap ETF by 266.9% during the first quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock worth $33,000 after purchasing an additional 782 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $36,000.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA:SCHM opened at $34.99 on Monday. Schwab U.S. Mid-Cap ETF has a 1-year low of $27.76 and a 1-year high of $36.90. The business’s 50-day moving average price is $35.40 and its two-hundred day moving average price is $33.30. The firm has a market capitalization of $14.58 billion, a price-to-earnings ratio of 18.83 and a beta of 1.03.

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.