Sterling Manor Financial LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 206,954 shares of the company’s stock, valued at approximately $7,041,000. Schwab U.S. Mid-Cap ETF accounts for approximately 4.0% of Sterling Manor Financial LLC’s investment portfolio, making the stock its 13th largest position.
Several other institutional investors have also recently added to or reduced their stakes in SCHM. Financial Solutions Advisory Group Inc. acquired a new position in Schwab U.S. Mid-Cap ETF during the first quarter worth $39,615,000. Triangle Securities Wealth Management acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at $17,977,000. Bangor Savings Bank acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at $16,086,000. Avior Wealth Management LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at $13,366,000. Finally, Lincoln Capital Corp purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at $11,917,000.
Schwab U.S. Mid-Cap ETF Price Performance
Shares of SCHM stock traded up $0.21 on Wednesday, hitting $34.80. The stock had a trading volume of 1,239,735 shares, compared to its average volume of 1,484,752. The company’s 50 day moving average price is $35.14 and its 200-day moving average price is $34.91. Schwab U.S. Mid-Cap ETF has a 1 year low of $28.25 and a 1 year high of $36.92. The firm has a market capitalization of $14.70 billion, a P/E ratio of 18.83 and a beta of 1.05.
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.
Further Reading
- Five stocks we like better than Schwab U.S. Mid-Cap ETF
- Synchrony Aces The Quarter As Credit Fears Fade
- Higher Rates Are Sending Investors to These 3 Dividend Kings
- Steel Dynamics Eyes New Highs Despite Earnings Miss
- SpaceX Earnings Launch: High Margins Fund AI Ambitions
Receive News & Ratings for Schwab U.S. Mid-Cap ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Schwab U.S. Mid-Cap ETF and related companies with MarketBeat.com's FREE daily email newsletter.
