Valpey Financial Services LLC Acquires 4,082,734 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Valpey Financial Services LLC lifted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2,876.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,224,671 shares of the company’s stock after acquiring an additional 4,082,734 shares during the period. Valpey Financial Services LLC owned approximately 1.03% of Schwab U.S. Mid-Cap ETF worth $140,495,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Fifth Third Bancorp bought a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $30,000. Accredited Wealth Management LLC raised its stake in Schwab U.S. Mid-Cap ETF by 100.0% in the third quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after purchasing an additional 502 shares in the last quarter. Kingdom Financial Group LLC. acquired a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $31,000. Ransom Advisory Ltd acquired a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $32,000. Finally, Guerra Advisors Inc acquired a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at about $33,000.

Schwab U.S. Mid-Cap ETF Stock Up 0.4%

SCHM stock opened at $35.29 on Friday. The company has a market cap of $14.82 billion, a PE ratio of 18.83 and a beta of 1.04. The business has a 50-day simple moving average of $33.07 and a 200 day simple moving average of $31.83. Schwab U.S. Mid-Cap ETF has a 52 week low of $26.64 and a 52 week high of $35.44.

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.