Phillips Financial Management LLC increased its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 2.3% in the second quarter, Holdings Channel reports. The institutional investor owned 56,518 shares of the company’s stock after acquiring an additional 1,266 shares during the period. Phillips Financial Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,585,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Stratos Wealth Partners LTD. boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 7.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 17,949 shares of the company’s stock worth $470,000 after purchasing an additional 1,168 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Schwab U.S. Mid-Cap ETF in the first quarter worth about $191,000. Diversified Trust Co bought a new stake in Schwab U.S. Mid-Cap ETF in the second quarter worth about $265,000. Brown Advisory Inc. lifted its stake in Schwab U.S. Mid-Cap ETF by 13.8% in the first quarter. Brown Advisory Inc. now owns 24,848 shares of the company’s stock worth $651,000 after purchasing an additional 3,004 shares during the last quarter. Finally, Golden Reserve Retirement LLC bought a new stake in Schwab U.S. Mid-Cap ETF in the first quarter worth about $217,000.
Schwab U.S. Mid-Cap ETF Price Performance
Shares of NYSEARCA SCHM opened at $29.92 on Wednesday. The company has a market cap of $12.25 billion, a P/E ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $30.28. The firm has a 50-day simple moving average of $29.59 and a two-hundred day simple moving average of $27.97.
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.
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