Spire Wealth Management Boosts Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Spire Wealth Management lifted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,086 shares of the company’s stock after purchasing an additional 230 shares during the quarter. Spire Wealth Management’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHM. Bank of New York Mellon Corp boosted its stake in Schwab U.S. Mid-Cap ETF by 6.7% during the third quarter. Bank of New York Mellon Corp now owns 7,563 shares of the company’s stock worth $512,000 after buying an additional 474 shares during the period. Verdence Capital Advisors LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $245,000. Graypoint LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $1,144,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 1.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 107,939 shares of the company’s stock worth $7,305,000 after purchasing an additional 1,100 shares during the period. Finally, SYM FINANCIAL Corp acquired a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $1,168,000.

Schwab U.S. Mid-Cap ETF Stock Up 0.1 %

Shares of NYSEARCA SCHM opened at $79.19 on Wednesday. Schwab U.S. Mid-Cap ETF has a 52-week low of $62.87 and a 52-week high of $81.74. The business’s 50 day moving average is $78.67 and its two-hundred day moving average is $74.34. The firm has a market cap of $11.35 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

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.