472,836 Shares of Schwab U.S. Mid-Cap ETF $SCHM Purchased by Bangor Savings Bank

Bangor Savings Bank bought a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the third quarter, Holdings Channel reports. The fund bought 472,836 shares of the company’s stock, valued at approximately $16,086,000. Schwab U.S. Mid-Cap ETF accounts for 1.2% of Bangor Savings Bank’s holdings, making the stock its 17th biggest position.

Several other institutional investors and hedge funds also recently bought and sold shares of SCHM. Boltwood Capital Management acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth approximately $3,319,000. Stonebridge Financial Group LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 3.0% in the third quarter. Stonebridge Financial Group LLC now owns 39,249 shares of the company’s stock valued at $1,335,000 after acquiring an additional 1,132 shares during the last quarter. Coastline Trust Co purchased a new position in Schwab U.S. Mid-Cap ETF in the third quarter worth approximately $147,000. Envestnet Asset Management Inc. grew its position in Schwab U.S. Mid-Cap ETF by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 1,553,972 shares of the company’s stock worth $57,157,000 after acquiring an additional 139,644 shares during the period. Finally, Capital Advantage Inc. increased its stake in Schwab U.S. Mid-Cap ETF by 5.2% during the second quarter. Capital Advantage Inc. now owns 47,977 shares of the company’s stock worth $1,769,000 after acquiring an additional 2,355 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 0.3%

NYSEARCA:SCHM traded up $0.11 on Tuesday, reaching $34.88. The company’s stock had a trading volume of 3,150,500 shares, compared to its average volume of 1,423,355. Schwab U.S. Mid-Cap ETF has a 12-month low of $28.25 and a 12-month high of $36.92. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. The stock has a 50 day moving average price of $35.35 and a 200 day moving average price of $34.63.

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.