Valmark Advisers Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 117,955 shares of the company’s stock, valued at approximately $4,013,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Money Concepts Capital Corp acquired a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at $12,000,000. Allworth Financial LP boosted its stake in Schwab U.S. Mid-Cap ETF by 4.0% in the 3rd quarter. Allworth Financial LP now owns 304,233 shares of the company’s stock worth $11,217,000 after buying an additional 11,681 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth about $291,000. CENTRAL TRUST Co acquired a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth about $87,000. Finally, Three Bridge Wealth Advisors LLC purchased a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $151,000.
Schwab U.S. Mid-Cap ETF Trading Down 0.0%
SCHM traded down $0.01 during midday trading on Friday, hitting $35.15. The company’s stock had a trading volume of 2,208,623 shares, compared to its average volume of 1,574,579. Schwab U.S. Mid-Cap ETF has a 52-week low of $28.25 and a 52-week high of $36.92. The firm has a 50-day moving average price of $34.78 and a two-hundred day moving average price of $34.24. The firm has a market cap of $14.95 billion, a P/E ratio of 19.13 and a beta of 1.05.
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.
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