BlueChip Wealth Advisors LLC Purchases Shares of 11,244 Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

BlueChip Wealth Advisors LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,244 shares of the company’s stock, valued at approximately $847,000.

A number of other large investors have also made changes to their positions in SCHM. PNC Financial Services Group Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 8.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,141 shares of the company’s stock valued at $416,000 after acquiring an additional 460 shares during the period. Kestra Advisory Services LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 1.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 47,374 shares of the company’s stock valued at $3,206,000 after acquiring an additional 642 shares during the period. Envestnet Portfolio Solutions Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at approximately $2,407,000. Clearstead Advisors LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 2.3% during the 3rd quarter. Clearstead Advisors LLC now owns 69,922 shares of the company’s stock valued at $4,732,000 after acquiring an additional 1,569 shares during the period. Finally, WestHill Financial Advisors Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at approximately $28,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA:SCHM traded up $0.63 during mid-day trading on Monday, reaching $77.89. 167,239 shares of the company traded hands, compared to its average volume of 306,486. The company’s 50 day moving average price is $78.40 and its 200-day moving average price is $76.89. The firm has a market cap of $11.17 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 52 week low of $62.87 and a 52 week high of $81.74.

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.