Cornerstone Advisors Asset Management LLC Acquires New Position in Schwab U.S. Mid-Cap ETF $SCHM

Cornerstone Advisors Asset Management LLC acquired a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 224,479 shares of the company’s stock, valued at approximately $7,637,000. Schwab U.S. Mid-Cap ETF comprises about 0.8% of Cornerstone Advisors Asset Management LLC’s investment portfolio, making the stock its 25th largest position.

Several other large investors have also made changes to their positions in SCHM. American Financial Advisors LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 2.6% in the first quarter. American Financial Advisors LLC now owns 11,364 shares of the company’s stock worth $352,000 after acquiring an additional 291 shares during the period. Tandem Investment Partners LLC lifted its position in Schwab U.S. Mid-Cap ETF by 3.2% during the third quarter. Tandem Investment Partners LLC now owns 9,483 shares of the company’s stock valued at $323,000 after purchasing an additional 293 shares during the period. VestGen Advisors LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 4.5% in the third quarter. VestGen Advisors LLC now owns 7,222 shares of the company’s stock valued at $246,000 after purchasing an additional 312 shares during the last quarter. SouthState Bank Corp grew its position in Schwab U.S. Mid-Cap ETF by 4.8% during the 1st quarter. SouthState Bank Corp now owns 6,900 shares of the company’s stock worth $214,000 after purchasing an additional 318 shares during the period. Finally, Human Investing LLC grew its position in Schwab U.S. Mid-Cap ETF by 4.6% during the 1st quarter. Human Investing LLC now owns 7,216 shares of the company’s stock worth $223,000 after purchasing an additional 320 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 0.0%

Shares of NYSEARCA SCHM opened at $35.15 on Friday. Schwab U.S. Mid-Cap ETF has a 12-month low of $28.25 and a 12-month high of $36.92. The stock has a market cap of $14.95 billion, a PE ratio of 19.13 and a beta of 1.05. The company has a 50-day moving average of $34.78 and a 200 day moving average of $34.24.

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.