Triangle Securities Wealth Management Purchases New Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Triangle Securities Wealth Management purchased a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 528,430 shares of the company’s stock, valued at approximately $17,977,000. Schwab U.S. Mid-Cap ETF makes up about 3.4% of Triangle Securities Wealth Management’s portfolio, making the stock its 4th biggest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Management LLC purchased a new position in Schwab U.S. Mid-Cap ETF during the 2nd quarter worth approximately $30,000. Evergreen Advisors LLC acquired a new stake in Schwab U.S. Mid-Cap ETF during the 1st quarter valued at $29,000. Godsey & Gibb Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the first quarter valued at $29,000. Angeles Wealth Management LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 67.1% in the second quarter. Angeles Wealth Management LLC now owns 934 shares of the company’s stock valued at $34,000 after purchasing an additional 375 shares in the last quarter. Finally, Trust Co. of Vermont purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at $35,000.

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

Shares of Schwab U.S. Mid-Cap ETF stock opened at $34.07 on Thursday. The stock has a market cap of $14.38 billion, a PE ratio of 18.83 and a beta of 1.05. The business has a fifty day simple moving average of $35.26 and a 200-day simple moving average of $34.80. Schwab U.S. Mid-Cap ETF has a 12 month low of $28.25 and a 12 month high of $36.92.

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.