Newman Dignan & Sheerar Inc. Buys New Position in Schwab U.S. Mid-Cap ETF $SCHM

Newman Dignan & Sheerar Inc. acquired a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 149,196 shares of the company’s stock, valued at approximately $5,076,000. Schwab U.S. Mid-Cap ETF makes up about 1.0% of Newman Dignan & Sheerar Inc.’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Solutions Advisory Group Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF in the 1st quarter valued at about $39,615,000. Triangle Securities Wealth Management acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth approximately $17,977,000. Bangor Savings Bank acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth approximately $16,086,000. Avior Wealth Management LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth approximately $13,366,000. Finally, Lincoln Capital Corp bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter valued at approximately $11,917,000.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM opened at $34.59 on Wednesday. The stock has a market capitalization of $14.61 billion, a P/E ratio of 18.83 and a beta of 1.05. The company’s 50 day simple moving average is $35.14 and its 200-day simple moving average is $34.91. Schwab U.S. Mid-Cap ETF has a one year low of $28.25 and a one year high of $36.92.

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.