Strategic Financial Concepts LLC Acquires New Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Strategic Financial Concepts LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 40,020 shares of the company’s stock, valued at approximately $1,109,000.

A number of other hedge funds also recently added to or reduced their stakes in SCHM. Avior Wealth Management LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 0.3% in the third quarter. Avior Wealth Management LLC now owns 110,412 shares of the company’s stock valued at $9,174,000 after acquiring an additional 357 shares in the last quarter. Archer Investment Corp raised its position in Schwab U.S. Mid-Cap ETF by 1,965.0% in the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after purchasing an additional 393 shares in the last quarter. Schneider Downs Wealth Management Advisors LP boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 0.5% in the 3rd quarter. Schneider Downs Wealth Management Advisors LP now owns 84,811 shares of the company’s stock valued at $7,047,000 after buying an additional 421 shares during the period. Oldfather Financial Services LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 2.4% during the third quarter. Oldfather Financial Services LLC now owns 17,891 shares of the company’s stock worth $1,487,000 after buying an additional 422 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 13.0% during the third quarter. Verdence Capital Advisors LLC now owns 4,132 shares of the company’s stock worth $343,000 after buying an additional 474 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 0.6 %

Shares of Schwab U.S. Mid-Cap ETF stock opened at $29.07 on Wednesday. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.64 and a 52-week high of $30.28. The company has a market capitalization of $4.17 billion, a P/E ratio of 16.47 and a beta of 1.09. The company has a 50 day moving average of $28.50 and a 200 day moving average of $27.99.

Schwab U.S. Mid-Cap ETF Company 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.