Lutz Financial Services LLC Acquires 141,958 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Lutz Financial Services LLC raised its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 26.0% in the second quarter, Holdings Channel reports. The firm owned 688,642 shares of the company’s stock after purchasing an additional 141,958 shares during the period. Schwab U.S. Mid-Cap ETF accounts for 1.5% of Lutz Financial Services LLC’s investment portfolio, making the stock its 18th largest holding. Lutz Financial Services LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $19,316,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of SCHM. Atwood & Palmer Inc. bought a new position in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at $25,000. Creative Capital Management Investments LLC bought a new position in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at $38,000. Roxbury Financial LLC bought a new position in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at $39,000. Bulwark Capital Corp bought a new position in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at $58,000. Finally, Webster Bank N. A. bought a new position in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at $60,000.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $29.49 on Friday. The company has a market capitalization of $12.11 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13. 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 fifty day moving average of $29.53 and a 200-day moving average of $27.88.

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.