Renaissance Technologies LLC Buys New Shares in Schwab U.S. Mid-Cap ETF $SCHM

Renaissance Technologies LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,500 shares of the company’s stock, valued at approximately $604,000.

A number of other large investors have also recently bought and sold shares of SCHM. Valpey Financial Services LLC lifted its stake in shares of 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 valued at $140,495,000 after purchasing an additional 4,082,734 shares during the period. 93 Financial Group LLC acquired a new stake in Schwab U.S. Mid-Cap ETF during the fourth quarter worth approximately $48,614,000. Moneta Group Investment Advisors LLC grew its stake in 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 during the period. Corient Private Wealth LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 97.8% in the second quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock worth $36,187,000 after purchasing an additional 637,571 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Schwab U.S. Mid-Cap ETF by 4.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock worth $328,744,000 after purchasing an additional 459,489 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM opened at $36.70 on Monday. Schwab U.S. Mid-Cap ETF has a 52-week low of $28.25 and a 52-week high of $36.90. The business’s 50 day moving average price is $35.66 and its two-hundred day moving average price is $33.86. The firm has a market cap of $15.33 billion, a PE ratio of 18.83 and a beta of 1.04.

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.