Buckingham Capital Management Inc. Buys 703,733 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Buckingham Capital Management Inc. lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 194.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,065,442 shares of the company’s stock after purchasing an additional 703,733 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 3.4% of Buckingham Capital Management Inc.’s investment portfolio, making the stock its 7th largest holding. Buckingham Capital Management Inc. owned 0.74% of Schwab U.S. Mid-Cap ETF worth $29,523,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Atria Wealth Solutions Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 207.3% in the fourth quarter. Atria Wealth Solutions Inc. now owns 33,011 shares of the company’s stock valued at $915,000 after purchasing an additional 22,267 shares in the last quarter. Centerpoint Advisors LLC raised its position in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. Centerpoint Advisors LLC now owns 84,000 shares of the company’s stock valued at $2,328,000 after buying an additional 56,000 shares during the period. Empower Advisory Group LLC raised its position in Schwab U.S. Mid-Cap ETF by 268.3% during the fourth quarter. Empower Advisory Group LLC now owns 12,162 shares of the company’s stock valued at $337,000 after buying an additional 8,860 shares during the period. Cooksen Wealth LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 177.5% in the 4th quarter. Cooksen Wealth LLC now owns 22,018 shares of the company’s stock worth $610,000 after acquiring an additional 14,083 shares in the last quarter. Finally, Truist Financial Corp boosted its position in Schwab U.S. Mid-Cap ETF by 206.2% during the 4th quarter. Truist Financial Corp now owns 303,603 shares of the company’s stock worth $8,413,000 after acquiring an additional 204,449 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM opened at $28.89 on Tuesday. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The business’s 50-day moving average is $28.52 and its 200-day moving average is $27.97. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.64 and a fifty-two week high of $30.28.

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.