Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC raised its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 211.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,265 shares of the company’s stock after purchasing an additional 23,257 shares during the period. Cornerstone Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $950,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cordant Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $30,000. Archer Investment Corp grew its holdings in Schwab U.S. Mid-Cap ETF by 1,965.0% in the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after purchasing an additional 393 shares during the period. UMB Bank n.a. grew its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock valued at $37,000 after purchasing an additional 882 shares during the period. Massmutual Trust Co. FSB ADV acquired a new stake in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $41,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,476 shares of the company’s stock valued at $41,000 after purchasing an additional 984 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Up 0.0 %

Shares of SCHM opened at $29.20 on Friday. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.54 and a 12 month high of $30.28. The stock’s 50 day moving average is $28.73 and its two-hundred day moving average is $27.72. The firm has a market cap of $4.19 billion, a P/E ratio of 16.47 and a beta of 1.09.

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.