Money Concepts Capital Corp Makes New $12 Million Investment in Schwab U.S. Mid-Cap ETF $SCHM

Money Concepts Capital Corp purchased a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 352,720 shares of the company’s stock, valued at approximately $12,000,000.

Other institutional investors have also recently made changes to their positions in the company. Financial Solutions Advisory Group Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the first quarter worth $39,615,000. BLB&B Advisors LLC bought a new stake in Schwab U.S. Mid-Cap ETF during the third quarter valued at $40,270,000. Modera Wealth Management LLC bought a new stake in Schwab U.S. Mid-Cap ETF during the third quarter valued at $22,048,000. Triangle Securities Wealth Management purchased a new position in Schwab U.S. Mid-Cap ETF during the third quarter worth about $17,977,000. Finally, Bangor Savings Bank purchased a new position in Schwab U.S. Mid-Cap ETF during the third quarter worth about $16,086,000.

Schwab U.S. Mid-Cap ETF Stock Down 1.3%

Schwab U.S. Mid-Cap ETF stock opened at $35.16 on Friday. The stock has a market cap of $14.95 billion, a price-to-earnings ratio of 19.13 and a beta of 1.05. The business has a 50-day simple moving average of $34.79 and a 200 day simple moving average of $34.22. Schwab U.S. Mid-Cap ETF has a 52 week low of $28.25 and a 52 week high of $36.92.

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.