Zhang Financial LLC Acquires 5,072 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Zhang Financial LLC grew its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 20.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,370 shares of the company’s stock after acquiring an additional 5,072 shares during the quarter. Zhang Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,364,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 75.9% in the first quarter. EverSource Wealth Advisors LLC now owns 343 shares of the company’s stock worth $26,000 after acquiring an additional 148 shares in the last quarter. Valued Wealth Advisors LLC grew 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 worth $33,000 after buying an additional 390 shares in the last quarter. Institutional & Family Asset Management LLC grew its holdings 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 buying an additional 360 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF during the first quarter worth about $53,000. Finally, Contravisory Investment Management Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 21.0% during the first quarter. Contravisory Investment Management Inc. now owns 818 shares of the company’s stock worth $67,000 after buying an additional 142 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA SCHM traded up $0.54 during trading hours on Monday, hitting $80.12. 99,344 shares of the company traded hands, compared to its average volume of 307,940. The business’s 50-day moving average is $78.49 and its 200-day moving average is $78.35. Schwab U.S. Mid-Cap ETF has a twelve month low of $62.87 and a twelve month high of $82.26. The stock has a market capitalization of $11.49 billion, a price-to-earnings 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.