Fragasso Financial Advisors Inc Grows Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Fragasso Financial Advisors Inc boosted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,980,496 shares of the company’s stock after purchasing an additional 52,432 shares during the period. Schwab U.S. Mid-Cap ETF makes up 5.4% of Fragasso Financial Advisors Inc’s portfolio, making the stock its 5th largest position. Fragasso Financial Advisors Inc owned 0.73% of Schwab U.S. Mid-Cap ETF worth $89,624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Denver PWM LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 4.9% in the second quarter. Denver PWM LLC now owns 650,802 shares of the company’s stock worth $18,255,000 after purchasing an additional 30,453 shares during the last quarter. Caprock Group LLC purchased a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at $697,000. Arkadios Wealth Advisors bought a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth $727,000. Belpointe Asset Management LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 85.8% during the third quarter. Belpointe Asset Management LLC now owns 45,867 shares of the company’s stock valued at $1,359,000 after acquiring an additional 21,177 shares during the last quarter. Finally, Seneca Financial Advisors LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 16.8% during the third quarter. Seneca Financial Advisors LLC now owns 696,167 shares of the company’s stock valued at $20,634,000 after acquiring an additional 100,076 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA SCHM opened at $30.47 on Friday. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $33.18. The stock has a market capitalization of $12.48 billion, a PE ratio of 18.83 and a beta of 1.08. The business’s 50-day moving average is $32.09 and its 200 day moving average is $30.65.

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.