Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) is Triangle Securities Wealth Management’s 2nd Largest Position

Triangle Securities Wealth Management lifted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 196.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 505,792 shares of the company’s stock after acquiring an additional 335,328 shares during the period. Schwab U.S. Mid-Cap ETF accounts for about 3.6% of Triangle Securities Wealth Management’s holdings, making the stock its 2nd biggest position. Triangle Securities Wealth Management owned approximately 0.35% of Schwab U.S. Mid-Cap ETF worth $14,015,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Fragasso Financial Advisors Inc increased its position in Schwab U.S. Mid-Cap ETF by 201.2% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock valued at $92,695,000 after acquiring an additional 2,234,519 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 33.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock valued at $177,692,000 after purchasing an additional 574,475 shares during the last quarter. Salem Investment Counselors Inc. increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 181.5% in the fourth quarter. Salem Investment Counselors Inc. now owns 674,447 shares of the company’s stock valued at $18,689,000 after purchasing an additional 434,867 shares during the period. Noble Family Wealth LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 174.7% during the fourth quarter. Noble Family Wealth LLC now owns 670,807 shares of the company’s stock worth $18,561,000 after purchasing an additional 426,626 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 217.7% during the third quarter. Chicago Partners Investment Group LLC now owns 615,663 shares of the company’s stock worth $51,155,000 after purchasing an additional 421,888 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $28.82 on Friday. Schwab U.S. Mid-Cap ETF has a one year low of $24.24 and a one year high of $30.28. The company has a market cap of $4.13 billion, a P/E ratio of 16.47 and a beta of 1.09. The firm has a fifty day moving average of $28.72 and a two-hundred day moving average of $27.62.

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.