Valley National Advisers Inc. Purchases 373,445 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Valley National Advisers Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 373,445 shares of the company’s stock, valued at approximately $12,705,000. Schwab U.S. Mid-Cap ETF makes up approximately 1.4% of Valley National Advisers Inc.’s portfolio, making the stock its 16th biggest position. Valley National Advisers Inc. owned about 0.09% of Schwab U.S. Mid-Cap ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHM. Boltwood Capital Management bought a new stake in Schwab U.S. Mid-Cap ETF during the third quarter worth $3,319,000. FAS Wealth Partners Inc. lifted its stake in Schwab U.S. Mid-Cap ETF by 3.8% during the 1st quarter. FAS Wealth Partners Inc. now owns 627,188 shares of the company’s stock valued at $19,418,000 after acquiring an additional 22,838 shares in the last quarter. Range Advisory LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 52.7% during the 2nd quarter. Range Advisory LLC now owns 293,784 shares of the company’s stock valued at $10,832,000 after acquiring an additional 101,396 shares in the last quarter. Cetera Investment Advisers lifted its stake in Schwab U.S. Mid-Cap ETF by 9.5% during the 1st quarter. Cetera Investment Advisers now owns 1,285,570 shares of the company’s stock valued at $39,801,000 after acquiring an additional 111,937 shares in the last quarter. Finally, Lodestar Private Asset Management LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 5.0% during the 1st quarter. Lodestar Private Asset Management LLC now owns 472,201 shares of the company’s stock worth $14,619,000 after acquiring an additional 22,462 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM opened at $34.54 on Friday. Schwab U.S. Mid-Cap ETF has a 1 year low of $28.25 and a 1 year high of $36.92. The company has a market capitalization of $14.61 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. The firm’s fifty day moving average price is $35.03 and its two-hundred day moving average price is $34.95.

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.