Cornerstone Advisors Asset Management LLC Acquires New Position in Schwab U.S. Mid-Cap ETF $SCHM

Cornerstone Advisors Asset Management LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 224,479 shares of the company’s stock, valued at approximately $7,637,000. Schwab U.S. Mid-Cap ETF makes up 0.8% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 25th largest position. Cornerstone Advisors Asset Management LLC owned about 0.05% of Schwab U.S. Mid-Cap ETF as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Curry Webb Wealth Management LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth $25,000. Evergreen Advisors LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the first quarter valued at $29,000. Compass Financial Management LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at $30,000. Angeles Wealth Management LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 67.1% in the 2nd quarter. Angeles Wealth Management LLC now owns 934 shares of the company’s stock valued at $34,000 after acquiring an additional 375 shares during the period. Finally, Trust Co. of Vermont acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at $35,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $35.15 on Friday. The business has a fifty day moving average of $34.78 and a 200 day moving average of $34.24. Schwab U.S. Mid-Cap ETF has a 1 year low of $28.25 and a 1 year high of $36.92. The firm has a market capitalization of $14.95 billion, a price-to-earnings ratio of 19.13 and a beta of 1.05.

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.