Summit Asset Management LLC Has $37.91 Million Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Summit Asset Management LLC increased its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,260,594 shares of the company’s stock after acquiring an additional 20,765 shares during the period. Schwab U.S. Mid-Cap ETF comprises approximately 5.4% of Summit Asset Management LLC’s portfolio, making the stock its 5th biggest holding. Summit Asset Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $37,906,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Caprock Group LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $697,000. Belpointe Asset Management LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 85.8% in the third quarter. Belpointe Asset Management LLC now owns 45,867 shares of the company’s stock valued at $1,359,000 after acquiring an additional 21,177 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $727,000. Dorato Capital Management bought a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $2,361,000. Finally, Blue Square Asset Management LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 28.0% in the fourth quarter. Blue Square Asset Management LLC now owns 305,958 shares of the company’s stock valued at $9,200,000 after acquiring an additional 66,876 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 0.5%

SCHM stock opened at $34.73 on Friday. The firm has a market cap of $14.58 billion, a PE ratio of 18.83 and a beta of 1.04. The business has a 50 day moving average of $32.75 and a 200-day moving average of $31.65. Schwab U.S. Mid-Cap ETF has a 12-month low of $26.45 and a 12-month high of $35.03.

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.