Waterfront Wealth Inc. Grows Position in Schwab U.S. Mid-Cap ETF $SCHM

Waterfront Wealth Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 24.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,152 shares of the company’s stock after buying an additional 16,847 shares during the period. Waterfront Wealth Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,445,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SCHM. Atwood & Palmer Inc. purchased a new position in Schwab U.S. Mid-Cap ETF in the second quarter worth about $25,000. Creative Capital Management Investments LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the second quarter worth about $38,000. Roxbury Financial LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the second quarter worth about $39,000. Mid American Wealth Advisory Group Inc. purchased a new position in Schwab U.S. Mid-Cap ETF in the second quarter worth about $42,000. Finally, Bulwark Capital Corp purchased a new position in Schwab U.S. Mid-Cap ETF in the second quarter worth about $58,000.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM opened at $29.88 on Wednesday. The stock has a market capitalization of $12.23 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. The stock’s 50-day simple moving average is $29.68 and its two-hundred day simple moving average is $28.21. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $30.31.

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.