Five Pine Wealth Management Acquires Shares of 36,728 Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Five Pine Wealth Management bought a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,728 shares of the company’s stock, valued at approximately $1,018,000. Schwab U.S. Mid-Cap ETF makes up 0.9% of Five Pine Wealth Management’s investment portfolio, making the stock its 21st largest holding.

Other hedge funds also recently made changes to their positions in the company. Centaurus Financial Inc. grew its position in Schwab U.S. Mid-Cap ETF by 6.1% during the second quarter. Centaurus Financial Inc. now owns 3,622 shares of the company’s stock worth $282,000 after buying an additional 209 shares in the last quarter. Avior Wealth Management LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.3% during the 3rd quarter. Avior Wealth Management LLC now owns 110,412 shares of the company’s stock worth $9,174,000 after purchasing an additional 357 shares in the last quarter. Cordant Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth $30,000. Leisure Capital Management raised its stake in Schwab U.S. Mid-Cap ETF by 1.2% in the third quarter. Leisure Capital Management now owns 31,790 shares of the company’s stock valued at $2,641,000 after purchasing an additional 379 shares in the last quarter. Finally, Archer Investment Corp lifted its position in Schwab U.S. Mid-Cap ETF by 1,965.0% during the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 393 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Down 0.9 %

Shares of Schwab U.S. Mid-Cap ETF stock opened at $28.94 on Friday. The firm’s 50-day moving average price is $28.75 and its two-hundred day moving average price is $27.80. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.54 and a 12-month high of $30.28.

Schwab U.S. Mid-Cap ETF 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.