Providence First Trust Co Boosts Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Providence First Trust Co lifted its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 64.7% in the fourth quarter, HoldingsChannel reports. The fund owned 124,769 shares of the company’s stock after acquiring an additional 49,033 shares during the period. Schwab U.S. Mid-Cap ETF makes up approximately 1.3% of Providence First Trust Co’s holdings, making the stock its 15th largest holding. Providence First Trust Co’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caprock Group LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at $697,000. Arkadios Wealth Advisors bought a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth $727,000. Belpointe Asset Management LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 85.8% in the 3rd quarter. Belpointe Asset Management LLC now owns 45,867 shares of the company’s stock worth $1,359,000 after buying an additional 21,177 shares during the period. Seneca Financial Advisors LLC increased its stake in Schwab U.S. Mid-Cap ETF by 16.8% in the 3rd quarter. Seneca Financial Advisors LLC now owns 696,167 shares of the company’s stock worth $20,634,000 after buying an additional 100,076 shares in the last quarter. Finally, Dorato Capital Management bought a new stake in Schwab U.S. Mid-Cap ETF during the fourth quarter valued at about $2,361,000.

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

NYSEARCA:SCHM opened at $34.43 on Wednesday. The business’s 50-day simple moving average is $32.22 and its two-hundred day simple moving average is $31.24. Schwab U.S. Mid-Cap ETF has a 52 week low of $25.85 and a 52 week high of $34.50. The stock has a market cap of $14.46 billion, a PE ratio of 18.83 and a beta of 1.04.

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.