Sunbelt Securities Inc. Raises Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Sunbelt Securities Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 6.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 89,180 shares of the company’s stock after purchasing an additional 5,569 shares during the period. Schwab U.S. Mid-Cap ETF comprises about 0.7% of Sunbelt Securities Inc.’s portfolio, making the stock its 27th biggest position. Sunbelt Securities Inc. owned about 0.06% of Schwab U.S. Mid-Cap ETF worth $6,941,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Farmers & Merchants Investments Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF during the second quarter worth about $25,000. EverSource Wealth Advisors LLC increased its stake in Schwab U.S. Mid-Cap ETF by 75.9% during the first quarter. EverSource Wealth Advisors LLC now owns 343 shares of the company’s stock worth $26,000 after purchasing an additional 148 shares during the period. Chilton Capital Management LLC purchased a new stake in Schwab U.S. Mid-Cap ETF during the second quarter worth about $30,000. Valued Wealth Advisors LLC increased its stake in Schwab U.S. Mid-Cap ETF by 3,900.0% during the first quarter. Valued Wealth Advisors LLC now owns 400 shares of the company’s stock worth $33,000 after purchasing an additional 390 shares during the period. Finally, Institutional & Family Asset Management LLC increased its stake in Schwab U.S. Mid-Cap ETF by 500.0% during the second quarter. Institutional & Family Asset Management LLC now owns 432 shares of the company’s stock worth $34,000 after purchasing an additional 360 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $83.10 on Monday. The company’s 50 day moving average price is $80.01 and its 200 day moving average price is $79.19. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $62.87 and a fifty-two week high of $83.69. The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF 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.