Meridian Wealth Partners LLC lowered its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 8.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 242,388 shares of the company’s stock after selling 23,125 shares during the period. Schwab U.S. Mid-Cap ETF accounts for 1.0% of Meridian Wealth Partners LLC’s investment portfolio, making the stock its 21st biggest position. Meridian Wealth Partners LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $7,289,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at $30,000. Accredited Wealth Management LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 100.0% in the third quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after purchasing an additional 502 shares during the period. Kingdom Financial Group LLC. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $31,000. Ransom Advisory Ltd purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $32,000. Finally, International Assets Investment Management LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $36,000.
Schwab U.S. Mid-Cap ETF Stock Up 1.1%
Shares of NYSEARCA:SCHM opened at $36.02 on Friday. The company has a market cap of $15.13 billion, a P/E ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 52 week low of $27.05 and a 52 week high of $36.15. The business has a fifty day simple moving average of $34.06 and a 200-day simple moving average of $32.29.
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.
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