Sigma Investment Counselors Inc. Makes New $1.34 Million Investment in Schwab U.S. Mid-Cap ETF $SCHM

Sigma Investment Counselors Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 39,303 shares of the company’s stock, valued at approximately $1,337,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Boltwood Capital Management purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter valued at approximately $3,319,000. FAS Wealth Partners Inc. boosted its position in Schwab U.S. Mid-Cap ETF by 3.8% during the first quarter. FAS Wealth Partners Inc. now owns 627,188 shares of the company’s stock worth $19,418,000 after acquiring an additional 22,838 shares during the last quarter. Range Advisory LLC grew its stake in Schwab U.S. Mid-Cap ETF by 52.7% in the 2nd quarter. Range Advisory LLC now owns 293,784 shares of the company’s stock worth $10,832,000 after acquiring an additional 101,396 shares during the period. Cetera Investment Advisers grew its stake in Schwab U.S. Mid-Cap ETF by 9.5% in the 1st quarter. Cetera Investment Advisers now owns 1,285,570 shares of the company’s stock worth $39,801,000 after acquiring an additional 111,937 shares during the period. Finally, Lodestar Private Asset Management LLC grew its stake in Schwab U.S. Mid-Cap ETF by 5.0% in the 1st quarter. Lodestar Private Asset Management LLC now owns 472,201 shares of the company’s stock worth $14,619,000 after acquiring an additional 22,462 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM opened at $34.86 on Wednesday. The stock has a fifty day moving average of $34.97 and a two-hundred day moving average of $34.03. The company has a market capitalization of $14.75 billion, a PE ratio of 18.83 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $28.25 and a fifty-two week 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.