Madden Advisory Services Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 1.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,743 shares of the company’s stock after buying an additional 2,825 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for approximately 1.9% of Madden Advisory Services Inc.’s investment portfolio, making the stock its 17th largest position. Madden Advisory Services Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $4,369,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Atwood & Palmer Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $25,000. Creative Capital Management Investments LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter worth approximately $38,000. Roxbury Financial LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter worth approximately $39,000. Bulwark Capital Corp bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter worth approximately $58,000. Finally, Webster Bank N. A. acquired a new stake in Schwab U.S. Mid-Cap ETF during the second quarter valued at approximately $60,000.
Schwab U.S. Mid-Cap ETF Stock Performance
Shares of NYSEARCA:SCHM opened at $29.75 on Wednesday. The stock has a market capitalization of $12.23 billion, a price-to-earnings 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 company has a 50 day moving average price of $29.36 and a 200 day moving average price of $27.73.
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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