Smithbridge Asset Management Inc. DE Buys Shares of 227,193 Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Smithbridge Asset Management Inc. DE bought a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 227,193 shares of the company’s stock, valued at approximately $5,952,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. RMR Wealth Builders lifted its stake in Schwab U.S. Mid-Cap ETF by 3.3% in the first quarter. RMR Wealth Builders now owns 32,812 shares of the company’s stock valued at $860,000 after buying an additional 1,039 shares during the last quarter. Patriot Investment Management Group Inc. lifted its stake in Schwab U.S. Mid-Cap ETF by 1.7% in the first quarter. Patriot Investment Management Group Inc. now owns 315,823 shares of the company’s stock valued at $8,275,000 after buying an additional 5,354 shares during the last quarter. Liberty Capital Management Inc. lifted its stake in Schwab U.S. Mid-Cap ETF by 71.9% in the first quarter. Liberty Capital Management Inc. now owns 14,900 shares of the company’s stock valued at $390,000 after buying an additional 6,231 shares during the last quarter. Balanced Wealth Group LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 4.0% in the first quarter. Balanced Wealth Group LLC now owns 137,812 shares of the company’s stock valued at $3,611,000 after buying an additional 5,277 shares during the last quarter. Finally, Alpha Omega Wealth Management LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 3.1% in the first quarter. Alpha Omega Wealth Management LLC now owns 143,981 shares of the company’s stock valued at $3,772,000 after buying an additional 4,282 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $27.55 on Friday. The stock has a market capitalization of $11.42 billion, a price-to-earnings ratio of 19.13 and a beta of 1.07. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $30.28. The stock’s fifty day moving average is $26.13 and its two-hundred day moving average is $27.36.

Schwab U.S. Mid-Cap ETF Company 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.