Destination Wealth Management raised its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 122.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,672 shares of the company’s stock after buying an additional 112,526 shares during the period. Destination Wealth Management’s holdings in Schwab U.S. Mid-Cap ETF were worth $6,154,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHM. Fifth Third Bancorp purchased a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $30,000. Accredited Wealth Management LLC boosted its position in Schwab U.S. Mid-Cap ETF by 100.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after buying an additional 502 shares during the period. Kingdom Financial Group LLC. purchased a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at approximately $31,000. Ransom Advisory Ltd purchased a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at approximately $32,000. Finally, International Assets Investment Management LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at approximately $36,000.
Schwab U.S. Mid-Cap ETF Stock Up 1.1%
Shares of SCHM stock opened at $36.02 on Friday. Schwab U.S. Mid-Cap ETF has a 52 week low of $27.05 and a 52 week high of $36.15. The stock has a market capitalization of $15.13 billion, a PE ratio of 18.83 and a beta of 1.04. The firm has a 50 day moving average of $34.06 and a two-hundred day moving average of $32.29.
About Schwab U.S. Mid-Cap ETF
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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