Capital Planning LLC grew its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 16.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 160,520 shares of the company’s stock after buying an additional 23,168 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for 1.6% of Capital Planning LLC’s holdings, making the stock its 20th largest holding. Capital Planning LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $4,970,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Valpey Financial Services LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 2,876.4% in the fourth quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock worth $140,495,000 after acquiring an additional 4,082,734 shares during the period. 93 Financial Group LLC purchased a new position in Schwab U.S. Mid-Cap ETF during the 4th quarter valued at about $48,614,000. Financial Planning Navigators CORP purchased a new position in Schwab U.S. Mid-Cap ETF during the 4th quarter valued at about $22,267,000. Moneta Group Investment Advisors LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 6.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after purchasing an additional 648,134 shares in the last quarter. Finally, Corient Private Wealth LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 97.8% in the 2nd quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock valued at $36,187,000 after purchasing an additional 637,571 shares in the last quarter.
Schwab U.S. Mid-Cap ETF Stock Performance
Shares of SCHM opened at $35.27 on Thursday. The company has a 50 day moving average price of $35.21 and a 200-day moving average price of $33.06. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $27.76 and a fifty-two week high of $36.90. The stock has a market capitalization of $14.67 billion, a PE ratio of 18.83 and a beta of 1.03.
Schwab U.S. Mid-Cap ETF 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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