Triangle Securities Wealth Management Buys 528,430 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Triangle Securities Wealth Management purchased a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 528,430 shares of the company’s stock, valued at approximately $17,977,000. Schwab U.S. Mid-Cap ETF accounts for about 3.4% of Triangle Securities Wealth Management’s portfolio, making the stock its 4th biggest position. Triangle Securities Wealth Management owned about 0.13% of Schwab U.S. Mid-Cap ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Mather Group LLC. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $2,831,000. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter valued at $750,000. Newton One Investments LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 0.5% in the 3rd quarter. Newton One Investments LLC now owns 191,360 shares of the company’s stock valued at $6,510,000 after purchasing an additional 970 shares during the period. Financial Planning Navigators CORP boosted its position in shares of Schwab U.S. Mid-Cap ETF by 1.8% in the 3rd quarter. Financial Planning Navigators CORP now owns 743,708 shares of the company’s stock valued at $25,301,000 after purchasing an additional 12,827 shares during the period. Finally, Essex LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 2.5% in the 3rd quarter. Essex LLC now owns 690,252 shares of the company’s stock valued at $23,482,000 after purchasing an additional 16,882 shares during the period.

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

Shares of SCHM opened at $34.07 on Thursday. The business’s 50-day moving average price is $35.26 and its 200 day moving average price is $34.80. The stock has a market capitalization of $14.38 billion, a P/E ratio of 18.83 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a 1-year low of $28.25 and a 1-year high of $36.92.

About Schwab U.S. Mid-Cap ETF

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.