MeadowBrook Investment Advisors LLC Purchases 635 Shares of Schwab U.S. Mid-Cap ETF $SCHM

MeadowBrook Investment Advisors LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 4.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,485 shares of the company’s stock after purchasing an additional 635 shares during the quarter. MeadowBrook Investment Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Waterfront Wealth Inc. raised its holdings in Schwab U.S. Mid-Cap ETF by 24.0% during the 2nd quarter. Waterfront Wealth Inc. now owns 87,152 shares of the company’s stock worth $2,445,000 after purchasing an additional 16,847 shares during the last quarter. Econ Financial Services Corp raised its holdings in Schwab U.S. Mid-Cap ETF by 1.3% during the 2nd quarter. Econ Financial Services Corp now owns 63,230 shares of the company’s stock worth $1,774,000 after purchasing an additional 822 shares during the last quarter. Motco raised its holdings in Schwab U.S. Mid-Cap ETF by 468.2% during the 2nd quarter. Motco now owns 11,545 shares of the company’s stock worth $330,000 after purchasing an additional 9,513 shares during the last quarter. James Investment Research Inc. raised its holdings in Schwab U.S. Mid-Cap ETF by 8.8% during the 2nd quarter. James Investment Research Inc. now owns 18,467 shares of the company’s stock worth $518,000 after purchasing an additional 1,496 shares during the last quarter. Finally, Providence First Trust Co raised its holdings in Schwab U.S. Mid-Cap ETF by 16.5% during the 2nd quarter. Providence First Trust Co now owns 72,095 shares of the company’s stock worth $2,022,000 after purchasing an additional 10,222 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.8%

Shares of NYSEARCA:SCHM opened at $29.65 on Thursday. The stock has a market capitalization of $12.14 billion, a P/E ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $30.31. The business has a 50-day moving average price of $29.69 and a two-hundred day moving average price of $28.24.

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.