Schwab U.S. Mid-Cap ETF $SCHM Stake Increased by Schaeffer Financial LLC

Schaeffer Financial LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 5.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 243,219 shares of the company’s stock after buying an additional 11,790 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises 6.7% of Schaeffer Financial LLC’s portfolio, making the stock its 6th largest holding. Schaeffer Financial LLC owned approximately 0.06% of Schwab U.S. Mid-Cap ETF worth $6,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHM. Atwood & Palmer Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF in the 2nd quarter worth approximately $25,000. Roxbury Financial LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter worth $39,000. Bulwark Capital Corp bought a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter worth $58,000. Webster Bank N. A. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter worth $60,000. Finally, Russell Investments Group Ltd. boosted its stake in Schwab U.S. Mid-Cap ETF by 467.1% during the first quarter. Russell Investments Group Ltd. now owns 2,444 shares of the company’s stock valued at $64,000 after buying an additional 2,013 shares during the period.

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

Shares of NYSEARCA SCHM opened at $29.77 on Thursday. The firm has a market capitalization of $12.27 billion, a P/E ratio of 18.83 and a beta of 1.13. The stock’s 50-day simple moving average is $29.29 and its two-hundred day simple moving average is $27.63. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve month high of $30.28.

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.