Money Concepts Capital Corp Buys 196,330 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Money Concepts Capital Corp grew its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 191.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 298,728 shares of the company’s stock after purchasing an additional 196,330 shares during the period. Money Concepts Capital Corp owned approximately 0.21% of Schwab U.S. Mid-Cap ETF worth $8,278,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of SCHM. Sanctuary Advisors LLC purchased a new position in Schwab U.S. Mid-Cap ETF during the second quarter worth $486,000. Dynamic Advisor Solutions LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 5.4% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 328,140 shares of the company’s stock valued at $27,265,000 after purchasing an additional 16,955 shares during the last quarter. Financial Synergies Wealth Advisors Inc. raised its position in Schwab U.S. Mid-Cap ETF by 1.8% in the 3rd quarter. Financial Synergies Wealth Advisors Inc. now owns 74,250 shares of the company’s stock worth $6,169,000 after purchasing an additional 1,337 shares during the period. Brookstone Capital Management lifted its stake in Schwab U.S. Mid-Cap ETF by 4.6% in the third quarter. Brookstone Capital Management now owns 58,625 shares of the company’s stock worth $4,871,000 after purchasing an additional 2,570 shares during the last quarter. Finally, First National Corp MA ADV boosted its position in shares of Schwab U.S. Mid-Cap ETF by 4.8% during the third quarter. First National Corp MA ADV now owns 160,034 shares of the company’s stock valued at $13,297,000 after buying an additional 7,368 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA SCHM opened at $28.81 on Wednesday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.54 and a fifty-two week high of $30.28. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The business’s 50 day moving average price is $28.70 and its 200-day moving average price is $27.84.

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.