Stevens Capital Partners lifted its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 70.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 145,913 shares of the company’s stock after buying an additional 60,478 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up 1.1% of Stevens Capital Partners’ investment portfolio, making the stock its 24th largest position. Stevens Capital Partners’ holdings in Schwab U.S. Mid-Cap ETF were worth $4,517,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of SCHM. Godsey & Gibb Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the first quarter valued at approximately $29,000. Kingdom Financial Group LLC. acquired a new stake in Schwab U.S. Mid-Cap ETF during the fourth quarter worth approximately $31,000. Ransom Advisory Ltd purchased a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter worth approximately $32,000. International Assets Investment Management LLC purchased a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter worth approximately $36,000. Finally, Geneos Wealth Management Inc. raised its holdings in Schwab U.S. Mid-Cap ETF by 54.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock valued at $41,000 after acquiring an additional 519 shares during the last quarter.
Schwab U.S. Mid-Cap ETF Stock Performance
Shares of SCHM opened at $35.97 on Friday. 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 company has a market capitalization of $14.94 billion, a PE ratio of 18.83 and a beta of 1.03. The stock has a fifty day moving average of $35.05 and a two-hundred day moving average of $32.91.
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.
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