Fortis Capital Management LLC Buys 49,891 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Fortis Capital Management LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 11.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 487,153 shares of the company’s stock after buying an additional 49,891 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up 1.5% of Fortis Capital Management LLC’s holdings, making the stock its 8th biggest holding. Fortis Capital Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $15,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Schwab U.S. Mid-Cap ETF by 4.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock worth $328,744,000 after buying an additional 459,489 shares during the period. Moneta Group Investment Advisors LLC grew its position in Schwab U.S. Mid-Cap ETF by 6.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after acquiring an additional 648,134 shares during the period. Legacy Wealth Management Inc grew its position in Schwab U.S. Mid-Cap ETF by 2.7% during the fourth quarter. Legacy Wealth Management Inc now owns 4,319,152 shares of the company’s stock valued at $129,877,000 after acquiring an additional 114,417 shares during the period. Valpey Financial Services LLC increased its stake in Schwab U.S. Mid-Cap ETF by 2,876.4% during the fourth quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock worth $140,495,000 after acquiring an additional 4,082,734 shares during the last quarter. Finally, Mariner LLC increased its stake in Schwab U.S. Mid-Cap ETF by 1.8% during the fourth quarter. Mariner LLC now owns 2,204,963 shares of the company’s stock worth $66,304,000 after acquiring an additional 39,511 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Schwab U.S. Mid-Cap ETF stock opened at $35.35 on Wednesday. The stock’s 50-day moving average is $35.41 and its 200-day moving average is $33.37. The company has a market cap of $14.73 billion, a price-to-earnings ratio of 18.83 and a beta of 1.03. Schwab U.S. Mid-Cap ETF has a 12 month low of $27.76 and a 12 month high of $36.90.

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.