GRIMES & Co WEALTH MANAGEMENT LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 19,815 shares of the company’s stock, valued at approximately $674,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Solutions Advisory Group Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 1st quarter valued at about $39,615,000. BLB&B Advisors LLC bought a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $40,270,000. Modera Wealth Management LLC bought a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $22,048,000. Triangle Securities Wealth Management purchased a new stake in Schwab U.S. Mid-Cap ETF in the third quarter worth approximately $17,977,000. Finally, Bangor Savings Bank purchased a new stake in Schwab U.S. Mid-Cap ETF in the third quarter worth approximately $16,086,000.
Schwab U.S. Mid-Cap ETF Trading Up 1.0%
Shares of NYSEARCA:SCHM opened at $35.53 on Thursday. The stock’s 50-day moving average price is $34.87 and its 200-day moving average price is $34.13. Schwab U.S. Mid-Cap ETF has a 12-month low of $28.25 and a 12-month high of $36.92. The stock has a market capitalization of $15.07 billion, a P/E ratio of 18.83 and a beta of 1.05.
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.
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