Financial Solutions Advisory Group Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 1,279,556 shares of the company’s stock, valued at approximately $39,615,000. Schwab U.S. Mid-Cap ETF makes up 5.5% of Financial Solutions Advisory Group Inc.’s holdings, making the stock its 6th largest position. Financial Solutions Advisory Group Inc. owned 0.30% of Schwab U.S. Mid-Cap ETF at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in SCHM. Godsey & Gibb Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the first quarter worth approximately $29,000. Evergreen Advisors LLC acquired a new position in Schwab U.S. Mid-Cap ETF in the 1st quarter valued at $29,000. Kingdom Financial Group LLC. acquired a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at $31,000. Archer Investment Corp raised its stake in Schwab U.S. Mid-Cap ETF by 266.9% in the 1st quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock valued at $33,000 after purchasing an additional 782 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at $36,000.
Schwab U.S. Mid-Cap ETF Stock Performance
Shares of SCHM stock opened at $34.70 on Friday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $27.76 and a fifty-two week high of $36.90. The stock’s fifty day moving average is $35.51 and its two-hundred day moving average is $33.57. The firm has a market capitalization of $14.49 billion, a P/E ratio of 18.83 and a beta of 1.03.
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.
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