Scarborough Advisors LLC Purchases New Shares in Schwab U.S. Mid-Cap ETF $SCHM

Scarborough Advisors LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 250,789 shares of the company’s stock, valued at approximately $7,764,000. Scarborough Advisors LLC owned approximately 0.06% of Schwab U.S. Mid-Cap ETF as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Valpey Financial Services LLC increased its position in Schwab U.S. Mid-Cap ETF by 2,876.4% in the 4th quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock valued at $140,495,000 after acquiring an additional 4,082,734 shares in the last quarter. 93 Financial Group LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth approximately $48,614,000. Financial Planning Navigators CORP bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter valued at approximately $22,267,000. Moneta Group Investment Advisors LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 6.5% during the fourth 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 during the last quarter. Finally, Corient Private Wealth LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 97.8% in the second 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 Price Performance

SCHM stock opened at $34.99 on Monday. The company has a 50 day moving average price of $35.40 and a 200 day moving average price of $33.30. 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 $14.58 billion, a PE ratio of 18.83 and a beta of 1.03.

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.