Summit Asset Management LLC Raises Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Summit Asset Management LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 0.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,244,807 shares of the company’s stock after purchasing an additional 2,619 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises 5.7% of Summit Asset Management LLC’s portfolio, making the stock its 4th largest holding. Summit Asset Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $34,917,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 200.4% in the fourth quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after acquiring an additional 15,538 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 194.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $3,187,000 after purchasing an additional 75,941 shares during the period. Brown Advisory Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 13.8% in the 1st quarter. Brown Advisory Inc. now owns 24,848 shares of the company’s stock valued at $651,000 after purchasing an additional 3,004 shares during the period. Stratos Wealth Partners LTD. grew its position in Schwab U.S. Mid-Cap ETF by 7.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 17,949 shares of the company’s stock worth $470,000 after purchasing an additional 1,168 shares during the last quarter. Finally, High Note Wealth LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.9% during the 1st quarter. High Note Wealth LLC now owns 847,296 shares of the company’s stock worth $22,199,000 after purchasing an additional 23,604 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM opened at $29.47 on Friday. The company has a 50-day simple moving average of $29.69 and a 200-day simple moving average of $28.49. Schwab U.S. Mid-Cap ETF has a 52 week low of $22.41 and a 52 week high of $30.31. The firm has a market capitalization of $11.98 billion, a P/E ratio of 18.83 and a beta of 1.08.

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.