Foundations Investment Advisors LLC Has $1.29 Million Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Foundations Investment Advisors LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 73.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 43,443 shares of the company’s stock after acquiring an additional 18,462 shares during the period. Foundations Investment Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,288,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHM. Creative Planning increased its stake in shares of Schwab U.S. Mid-Cap ETF by 2.4% in the second quarter. Creative Planning now owns 29,603,590 shares of the company’s stock valued at $830,381,000 after buying an additional 684,597 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Schwab U.S. Mid-Cap ETF by 25.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock worth $288,136,000 after acquiring an additional 2,070,689 shares during the last quarter. Advisory Alpha LLC raised its position in Schwab U.S. Mid-Cap ETF by 14.7% in the 2nd quarter. Advisory Alpha LLC now owns 8,373,700 shares of the company’s stock worth $234,882,000 after purchasing an additional 1,072,948 shares during the last quarter. Legacy Wealth Management Inc lifted its holdings in Schwab U.S. Mid-Cap ETF by 0.5% during the 3rd quarter. Legacy Wealth Management Inc now owns 4,204,735 shares of the company’s stock worth $124,628,000 after buying an additional 22,803 shares in the last quarter. Finally, Fragasso Financial Advisors Inc lifted its holdings in Schwab U.S. Mid-Cap ETF by 0.7% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 2,928,064 shares of the company’s stock worth $87,959,000 after buying an additional 19,484 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.9%

Shares of SCHM opened at $31.62 on Friday. The stock has a market cap of $12.95 billion, a P/E ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $32.60. The stock’s 50-day moving average price is $30.87 and its two-hundred day moving average price is $29.87.

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.