GuidedMoney LLC Takes Position in Schwab U.S. Mid-Cap ETF $SCHM

GuidedMoney LLC purchased a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, HoldingsChannel reports. The firm purchased 51,435 shares of the company’s stock, valued at approximately $1,547,000. Schwab U.S. Mid-Cap ETF makes up about 0.8% of GuidedMoney LLC’s investment portfolio, making the stock its 9th largest position.

Other large investors also recently modified their holdings of the company. Fifth Third Bancorp purchased a new position in Schwab U.S. Mid-Cap ETF in the third quarter worth about $30,000. Accredited Wealth Management LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 100.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after purchasing an additional 502 shares during the last quarter. Kingdom Financial Group LLC. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter worth approximately $31,000. Ransom Advisory Ltd bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter worth approximately $32,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth approximately $36,000.

Schwab U.S. Mid-Cap ETF Trading Up 1.5%

SCHM opened at $36.09 on Friday. The company’s 50 day moving average is $34.42 and its 200 day moving average is $32.49. The company has a market cap of $15.16 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 12-month low of $27.10 and a 12-month high of $36.65.

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.