Triangle Securities Wealth Management Buys 15,208 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Triangle Securities Wealth Management lifted its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 532,039 shares of the company’s stock after purchasing an additional 15,208 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 3.7% of Triangle Securities Wealth Management’s portfolio, making the stock its 2nd largest position. Triangle Securities Wealth Management owned about 0.13% of Schwab U.S. Mid-Cap ETF worth $16,472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Godsey & Gibb Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter valued at $29,000. Fifth Third Bancorp bought a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth $30,000. Accredited Wealth Management LLC grew its position in Schwab U.S. Mid-Cap ETF by 100.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock worth $30,000 after acquiring an additional 502 shares during the last quarter. Kingdom Financial Group LLC. acquired a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter worth about $31,000. Finally, Ransom Advisory Ltd acquired a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter worth about $32,000.

Schwab U.S. Mid-Cap ETF Trading Up 2.0%

Schwab U.S. Mid-Cap ETF stock opened at $36.50 on Friday. The stock has a 50-day moving average price of $34.77 and a two-hundred day moving average price of $32.70. Schwab U.S. Mid-Cap ETF has a 12 month low of $27.63 and a 12 month high of $36.66. The company has a market capitalization of $15.33 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.