BCS Wealth Management Makes New Investment in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

BCS Wealth Management purchased a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 79,925 shares of the company’s stock, valued at approximately $2,215,000. BCS Wealth Management owned about 0.06% of Schwab U.S. Mid-Cap ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHM. Cordant Inc. bought a new stake in Schwab U.S. Mid-Cap ETF during the third quarter valued at approximately $30,000. Archer Investment Corp boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% during the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after acquiring an additional 393 shares during the last quarter. Massmutual Trust Co. FSB ADV purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth $41,000. Hantz Financial Services Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock valued at $51,000 after acquiring an additional 575 shares during the period. Finally, Lowe Wealth Advisors LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Lowe Wealth Advisors LLC now owns 2,124 shares of the company’s stock worth $59,000 after purchasing an additional 1,416 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $27.86 on Tuesday. The stock has a market cap of $3.99 billion, a P/E ratio of 16.47 and a beta of 1.09. The stock’s fifty day moving average is $28.75 and its 200 day moving average is $27.56. Schwab U.S. Mid-Cap ETF has a one year low of $24.17 and a one year high of $30.28.

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.