Tranquility Partners LLC Invests $604,000 in Schwab U.S. Mid-Cap ETF $SCHM

Tranquility Partners LLC bought a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 20,379 shares of the company’s stock, valued at approximately $604,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Creative Capital Management Investments LLC purchased a new position in Schwab U.S. Mid-Cap ETF during the second quarter worth approximately $38,000. Geneos Wealth Management Inc. increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 54.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock worth $41,000 after buying an additional 519 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter worth $42,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth $64,000. Finally, Eastern Bank acquired a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at $70,000.

Schwab U.S. Mid-Cap ETF Trading Down 1.2%

SCHM stock opened at $31.72 on Wednesday. The company has a market cap of $12.97 billion, a PE ratio of 18.83 and a beta of 1.08. The stock has a 50-day moving average price of $30.38 and a two-hundred day moving average price of $29.69. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month high of $32.30.

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.