MFA Wealth Advisors LLC Acquires 159,092 Shares of Schwab U.S. Mid-Cap ETF $SCHM

MFA Wealth Advisors LLC acquired a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 3rd quarter, HoldingsChannel reports. The fund acquired 159,092 shares of the company’s stock, valued at approximately $5,412,000.

Other institutional investors have also added to or reduced their stakes in the company. American Financial Advisors LLC boosted its position in Schwab U.S. Mid-Cap ETF by 2.6% during the first quarter. American Financial Advisors LLC now owns 11,364 shares of the company’s stock worth $352,000 after purchasing an additional 291 shares during the period. SouthState Bank Corp raised its position in shares of Schwab U.S. Mid-Cap ETF by 4.8% in the first quarter. SouthState Bank Corp now owns 6,900 shares of the company’s stock valued at $214,000 after purchasing an additional 318 shares during the period. Human Investing LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 4.6% in the first quarter. Human Investing LLC now owns 7,216 shares of the company’s stock valued at $223,000 after purchasing an additional 320 shares during the period. MOR Wealth Management LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 4.7% during the 1st quarter. MOR Wealth Management LLC now owns 7,857 shares of the company’s stock valued at $243,000 after buying an additional 351 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 0.3% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 108,666 shares of the company’s stock valued at $3,364,000 after buying an additional 370 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 1.5%

SCHM traded down $0.52 on Wednesday, hitting $34.36. The company’s stock had a trading volume of 2,531,568 shares, compared to its average volume of 1,429,127. The firm has a market cap of $14.49 billion, a P/E ratio of 18.83 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a 12 month low of $28.25 and a 12 month high of $36.92. The company’s 50 day simple moving average is $35.35 and its 200-day simple moving average is $34.66.

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.