Fortitude Advisory Group L.L.C. Has $888,000 Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Fortitude Advisory Group L.L.C. lifted its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,655 shares of the company’s stock after purchasing an additional 1,692 shares during the quarter. Fortitude Advisory Group L.L.C.’s holdings in Schwab U.S. Mid-Cap ETF were worth $888,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 8.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock worth $214,880,000 after purchasing an additional 616,733 shares in the last quarter. Advisory Alpha LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 27.7% during the 1st quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock worth $191,211,000 after purchasing an additional 1,581,924 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.9% during the 1st quarter. Cerity Partners LLC now owns 6,908,231 shares of the company’s stock worth $180,996,000 after purchasing an additional 193,939 shares in the last quarter. Legacy Wealth Management Inc boosted its stake in Schwab U.S. Mid-Cap ETF by 0.6% in the first quarter. Legacy Wealth Management Inc now owns 4,203,019 shares of the company’s stock valued at $110,119,000 after buying an additional 23,009 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Schwab U.S. Mid-Cap ETF by 28.6% in the first quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock valued at $43,409,000 after buying an additional 368,908 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 0.4%

NYSEARCA:SCHM opened at $30.04 on Friday. The stock’s 50-day simple moving average is $29.32 and its 200 day simple moving average is $27.68. The firm has a market capitalization of $12.34 billion, a PE ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve month high of $30.28.

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.