Tranquility Partners LLC Buys New Position in Schwab U.S. Mid-Cap ETF $SCHM

Tranquility Partners LLC bought a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 20,379 shares of the company’s stock, valued at approximately $604,000.

Several other hedge funds also recently modified their holdings of the company. Creative Capital Management Investments LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $38,000. Geneos Wealth Management Inc. grew its stake in Schwab U.S. Mid-Cap ETF by 54.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock worth $41,000 after acquiring an additional 519 shares during the period. Mid American Wealth Advisory Group Inc. acquired a new position in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at $42,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth $64,000. Finally, Eastern Bank acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth $70,000.

Schwab U.S. Mid-Cap ETF Stock Down 1.2%

Shares of NYSEARCA:SCHM opened at $31.72 on Wednesday. The company has a market cap of $12.97 billion, a P/E ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a 52 week low of $22.41 and a 52 week high of $32.30. The business has a fifty day simple moving average of $30.38 and a 200-day simple moving average of $29.69.

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.