Econ Financial Services Corp Grows Stock Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Econ Financial Services Corp grew its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 26.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,366 shares of the company’s stock after acquiring an additional 16,067 shares during the period. Econ Financial Services Corp’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,395,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of SCHM. Northwestern Mutual Wealth Management Co. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 4.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock worth $328,744,000 after purchasing an additional 459,489 shares during the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 6.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after purchasing an additional 648,134 shares during the period. Advisory Alpha LLC raised its position in Schwab U.S. Mid-Cap ETF by 6.8% during the 3rd quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after purchasing an additional 568,609 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Schwab U.S. Mid-Cap ETF by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,748,603 shares of the company’s stock valued at $180,506,000 after purchasing an additional 15,350 shares during the last quarter. Finally, Legacy Wealth Management Inc raised its position in Schwab U.S. Mid-Cap ETF by 2.7% during the 4th quarter. Legacy Wealth Management Inc now owns 4,319,152 shares of the company’s stock valued at $129,877,000 after purchasing an additional 114,417 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA SCHM opened at $36.19 on Friday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $27.76 and a fifty-two week high of $36.66. The stock has a 50 day simple moving average of $34.83 and a two-hundred day simple moving average of $32.72. The stock has a market cap of $15.20 billion, a P/E ratio of 18.83 and a beta of 1.04.

About Schwab U.S. Mid-Cap ETF

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.