Twele Capital Management Inc. bought a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 18,103 shares of the company’s stock, valued at approximately $616,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Management LLC purchased a new stake in Schwab U.S. Mid-Cap ETF during the second quarter valued at about $30,000. Evergreen Advisors LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter worth about $29,000. Godsey & Gibb Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter worth about $29,000. Angeles Wealth Management LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 67.1% in the 2nd quarter. Angeles Wealth Management LLC now owns 934 shares of the company’s stock valued at $34,000 after purchasing an additional 375 shares in the last quarter. Finally, Trust Co. of Vermont acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $35,000.
Schwab U.S. Mid-Cap ETF Stock Performance
Shares of NYSEARCA:SCHM traded down $0.01 during trading on Tuesday, reaching $34.50. 2,973,907 shares of the stock were exchanged, compared to its average volume of 1,449,059. Schwab U.S. Mid-Cap ETF has a 12-month low of $28.25 and a 12-month high of $36.92. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. The firm’s 50-day moving average price is $35.33 and its 200 day moving average price is $34.76.
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.
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