Cornerstone Wealth Management LLC Acquires 130 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Cornerstone Wealth Management LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,166 shares of the company’s stock after buying an additional 130 shares during the period. Cornerstone Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $869,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of SCHM. EverSource Wealth Advisors LLC increased its position in Schwab U.S. Mid-Cap ETF by 75.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 343 shares of the company’s stock valued at $26,000 after buying an additional 148 shares in the last quarter. Valued Wealth Advisors LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 3,900.0% during the first quarter. Valued Wealth Advisors LLC now owns 400 shares of the company’s stock valued at $33,000 after acquiring an additional 390 shares in the last quarter. Institutional & Family Asset Management LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 500.0% during the second quarter. Institutional & Family Asset Management LLC now owns 432 shares of the company’s stock worth $34,000 after purchasing an additional 360 shares during the period. Abich Financial Wealth Management LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter worth $53,000. Finally, Contravisory Investment Management Inc. grew its position in Schwab U.S. Mid-Cap ETF by 21.0% in the 1st quarter. Contravisory Investment Management Inc. now owns 818 shares of the company’s stock valued at $67,000 after purchasing an additional 142 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 2.1 %

SCHM traded up $1.63 during trading on Thursday, hitting $79.64. 135,041 shares of the company’s stock were exchanged, compared to its average volume of 308,777. The business’s 50 day moving average is $78.42 and its two-hundred day moving average is $78.26. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $62.87 and a fifty-two week high of $82.26. The stock has a market cap of $11.42 billion, a P/E ratio of 16.47 and a beta of 1.09.

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.