Summit Asset Management LLC lifted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.1% during the 3rd quarter, Holdings Channel reports. The firm owned 294,344 shares of the company’s stock after acquiring an additional 5,972 shares during the period. Schwab U.S. Mid-Cap ETF comprises about 7.8% of Summit Asset Management LLC’s holdings, making the stock its 2nd biggest holding. Summit Asset Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $16,642,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of SCHM. BBVA USA Bancshares Inc. bought a new stake in Schwab U.S. Mid-Cap ETF in the third quarter valued at $437,000. Mengis Capital Management Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 2.9% in the third quarter. Mengis Capital Management Inc. now owns 38,608 shares of the company’s stock valued at $2,182,000 after acquiring an additional 1,075 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 197.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 238,636 shares of the company’s stock valued at $13,493,000 after acquiring an additional 158,337 shares in the last quarter. Gainplan LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 54.8% in the third quarter. Gainplan LLC now owns 28,217 shares of the company’s stock valued at $1,595,000 after acquiring an additional 9,992 shares in the last quarter. Finally, Strategic Capital Advisers Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 1.9% in the third quarter. Strategic Capital Advisers Inc. now owns 14,705 shares of the company’s stock valued at $831,000 after acquiring an additional 274 shares in the last quarter.

NYSEARCA:SCHM remained flat at $$58.54 during trading hours on Tuesday. 281,300 shares of the company traded hands, compared to its average volume of 393,779. The company’s 50 day simple moving average is $56.76 and its 200-day simple moving average is $56.45. Schwab U.S. Mid-Cap ETF has a twelve month low of $44.97 and a twelve month high of $58.78.

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Institutional Ownership by Quarter for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

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