David Wealth Management LLC Buys 4,978 Shares of Schwab U.S. Mid-Cap ETF $SCHM

David Wealth Management LLC grew its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 44.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,082 shares of the company’s stock after purchasing an additional 4,978 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up approximately 0.3% of David Wealth Management LLC’s investment portfolio, making the stock its 28th largest holding. David Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $451,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SCHM. Stratos Wealth Partners LTD. raised its holdings in Schwab U.S. Mid-Cap ETF by 7.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 17,949 shares of the company’s stock valued at $470,000 after acquiring an additional 1,168 shares during the period. N.E.W. Advisory Services LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the first quarter valued at approximately $191,000. Diversified Trust Co bought a new position in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth approximately $265,000. Brown Advisory Inc. boosted its stake in Schwab U.S. Mid-Cap ETF by 13.8% in the 1st quarter. Brown Advisory Inc. now owns 24,848 shares of the company’s stock valued at $651,000 after purchasing an additional 3,004 shares during the period. Finally, Golden Reserve Retirement LLC bought a new stake in Schwab U.S. Mid-Cap ETF in the 1st quarter valued at $217,000.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM stock opened at $30.04 on Monday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $22.41 and a fifty-two week high of $30.28. The stock has a market capitalization of $12.34 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13. The business’s fifty day moving average price is $29.32 and its two-hundred day moving average price is $27.69.

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.