Brookstone Capital Management Buys New Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Brookstone Capital Management purchased a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 252,736 shares of the company’s stock, valued at approximately $8,598,000.

Other hedge funds have also added to or reduced their stakes in the company. Fragasso Financial Advisors Inc grew its stake in Schwab U.S. Mid-Cap ETF by 0.7% in the third quarter. Fragasso Financial Advisors Inc now owns 2,888,481 shares of the company’s stock valued at $100,086,000 after purchasing an additional 20,487 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 9.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,553,972 shares of the company’s stock worth $57,157,000 after purchasing an additional 139,644 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 9.5% during the 1st quarter. Cetera Investment Advisers now owns 1,285,570 shares of the company’s stock worth $39,801,000 after buying an additional 111,937 shares during the last quarter. Financial Solutions Advisory Group Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 1st quarter worth about $39,615,000. Finally, Summit Asset Management LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 0.7% in the 1st quarter. Summit Asset Management LLC now owns 1,268,811 shares of the company’s stock valued at $39,282,000 after acquiring an additional 8,217 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Schwab U.S. Mid-Cap ETF stock opened at $34.54 on Friday. Schwab U.S. Mid-Cap ETF has a 1 year low of $28.25 and a 1 year high of $36.92. The business has a 50 day moving average of $35.03 and a 200-day moving average of $34.95. The company has a market capitalization of $14.61 billion, a P/E ratio of 18.83 and a beta of 1.05.

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.