PFG Advisors Makes New Investment in Schwab U.S. Mid-Cap ETF $SCHM

PFG Advisors purchased a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 84,718 shares of the company’s stock, valued at approximately $2,511,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Planwiser Financial LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 0.4% in the 3rd quarter. Planwiser Financial LLC now owns 84,941 shares of the company’s stock valued at $2,503,000 after buying an additional 357 shares during the last quarter. Bouchey Financial Group Ltd grew its holdings in Schwab U.S. Mid-Cap ETF by 1.0% during the 3rd quarter. Bouchey Financial Group Ltd now owns 38,980 shares of the company’s stock worth $1,155,000 after acquiring an additional 370 shares during the last quarter. Meriwether Wealth & Planning LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 5.0% during the 3rd quarter. Meriwether Wealth & Planning LLC now owns 8,235 shares of the company’s stock worth $244,000 after acquiring an additional 389 shares during the last quarter. Balanced Wealth Group LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 0.3% during the 3rd quarter. Balanced Wealth Group LLC now owns 136,880 shares of the company’s stock worth $3,872,000 after acquiring an additional 419 shares during the last quarter. Finally, CVA Family Office LLC increased its position in Schwab U.S. Mid-Cap ETF by 0.8% in the 3rd quarter. CVA Family Office LLC now owns 56,102 shares of the company’s stock valued at $1,663,000 after acquiring an additional 444 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $31.58 on Wednesday. The company has a market capitalization of $12.93 billion, a P/E ratio of 18.83 and a beta of 1.08. The company has a fifty day moving average price of $32.06 and a 200-day moving average price of $30.58. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $33.18.

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.