Merit Financial Group LLC Purchases 101,229 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Merit Financial Group LLC boosted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 89.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 214,398 shares of the company’s stock after purchasing an additional 101,229 shares during the quarter. Merit Financial Group LLC owned approximately 0.05% of Schwab U.S. Mid-Cap ETF worth $6,014,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in SCHM. Advisory Alpha LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 27.7% in the first quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock worth $191,211,000 after purchasing an additional 1,581,924 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Schwab U.S. Mid-Cap ETF in the second quarter worth $40,844,000. Dynamic Advisor Solutions LLC bought a new position in Schwab U.S. Mid-Cap ETF in the first quarter worth $24,197,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 8.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock worth $214,880,000 after acquiring an additional 616,733 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its stake in shares of Schwab U.S. Mid-Cap ETF by 28.6% in the first quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock worth $43,409,000 after acquiring an additional 368,908 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.4%

NYSEARCA SCHM opened at $30.04 on Monday. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $30.28. The stock has a market cap of $12.34 billion, a P/E ratio of 18.83 and a beta of 1.13. The stock’s fifty day moving average price is $29.32 and its 200-day moving average price is $27.69.

Schwab U.S. Mid-Cap ETF 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.