Newton One Investments LLC Purchases 9,497 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Newton One Investments LLC increased its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 226,931 shares of the company’s stock after acquiring an additional 9,497 shares during the period. Schwab U.S. Mid-Cap ETF makes up 7.9% of Newton One Investments LLC’s portfolio, making the stock its 5th biggest position. Newton One Investments LLC owned approximately 0.16% of Schwab U.S. Mid-Cap ETF worth $17,092,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. WestHill Financial Advisors Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $28,000. Worth Asset Management LLC bought a new position in Schwab U.S. Mid-Cap ETF during the first quarter valued at approximately $29,000. Sound Income Strategies LLC raised its position in Schwab U.S. Mid-Cap ETF by 77.1% during the third quarter. Sound Income Strategies LLC now owns 471 shares of the company’s stock valued at $32,000 after acquiring an additional 205 shares in the last quarter. Fifth Third Bancorp raised its position in Schwab U.S. Mid-Cap ETF by 1,285.7% during the third quarter. Fifth Third Bancorp now owns 485 shares of the company’s stock valued at $33,000 after acquiring an additional 450 shares in the last quarter. Finally, Indiana Trust & Investment Management CO bought a new position in Schwab U.S. Mid-Cap ETF during the third quarter valued at approximately $35,000.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM traded down $0.47 during midday trading on Monday, hitting $80.96. 498,451 shares of the company’s stock traded hands, compared to its average volume of 320,414. The company has a market cap of $11.24 billion, a PE ratio of 12.93 and a beta of 1.13. The stock’s fifty day simple moving average is $77.45 and its 200-day simple moving average is $72.40. Schwab U.S. Mid-Cap ETF has a one year low of $62.87 and a one year high of $81.74.

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.