Pacific Excel Wealth Advisors Inc. Takes $1.11 Million Position in Schwab U.S. Mid-Cap ETF $SCHM

Pacific Excel Wealth Advisors Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,143 shares of the company’s stock, valued at approximately $1,111,000.

Several other hedge funds have also recently modified their holdings of the stock. Valpey Financial Services LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 2,876.4% in the 4th quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock worth $140,495,000 after buying an additional 4,082,734 shares during the last quarter. 93 Financial Group LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth approximately $48,614,000. Financial Solutions Advisory Group Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the first quarter worth approximately $39,615,000. Moneta Group Investment Advisors LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 6.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock worth $320,830,000 after purchasing an additional 648,134 shares in the last quarter. Finally, Corient Private Wealth LLC raised its stake in Schwab U.S. Mid-Cap ETF by 97.8% in the 2nd quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock valued at $36,187,000 after purchasing an additional 637,571 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock opened at $36.11 on Wednesday. The stock’s fifty day moving average is $35.54 and its two-hundred day moving average is $33.64. The firm has a market capitalization of $15.08 billion, a P/E ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $28.19 and a fifty-two week high of $36.90.

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.