Valley National Advisers Inc. bought a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 373,445 shares of the company’s stock, valued at approximately $12,705,000. Schwab U.S. Mid-Cap ETF comprises 1.4% of Valley National Advisers Inc.’s holdings, making the stock its 16th largest holding.
A number of other hedge funds and other institutional investors have also recently modified their holdings of SCHM. American Financial Advisors LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.6% in the first quarter. American Financial Advisors LLC now owns 11,364 shares of the company’s stock valued at $352,000 after acquiring an additional 291 shares in the last quarter. Tandem Investment Partners LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 3.2% during the third quarter. Tandem Investment Partners LLC now owns 9,483 shares of the company’s stock worth $323,000 after acquiring an additional 293 shares during the period. SouthState Bank Corp lifted its holdings in Schwab U.S. Mid-Cap ETF by 4.8% during the first quarter. SouthState Bank Corp now owns 6,900 shares of the company’s stock worth $214,000 after acquiring an additional 318 shares during the period. Human Investing LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 4.6% during the first quarter. Human Investing LLC now owns 7,216 shares of the company’s stock worth $223,000 after acquiring an additional 320 shares during the period. Finally, MOR Wealth Management LLC boosted its position in Schwab U.S. Mid-Cap ETF by 4.7% in the first quarter. MOR Wealth Management LLC now owns 7,857 shares of the company’s stock worth $243,000 after purchasing an additional 351 shares during the last quarter.
Schwab U.S. Mid-Cap ETF Trading Down 0.5%
SCHM stock opened at $34.54 on Friday. The stock has a market cap of $14.61 billion, a P/E ratio of 18.83 and a beta of 1.05. The stock’s fifty day simple moving average is $35.03 and its two-hundred day simple moving average is $34.95. Schwab U.S. Mid-Cap ETF has a 1-year low of $28.25 and a 1-year high of $36.92.
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.
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