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

Smartleaf Asset Management LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 130.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,057 shares of the company’s stock after acquiring an additional 18,130 shares during the period. Smartleaf Asset Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $950,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Denver PWM LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 4.9% in the 2nd quarter. Denver PWM LLC now owns 650,802 shares of the company’s stock valued at $18,255,000 after purchasing an additional 30,453 shares during the last quarter. Arkadios Wealth Advisors acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth $727,000. Belpointe Asset Management LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 85.8% in the 3rd quarter. Belpointe Asset Management LLC now owns 45,867 shares of the company’s stock worth $1,359,000 after buying an additional 21,177 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter worth $478,000. Finally, Seneca Financial Advisors LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 16.8% in the third quarter. Seneca Financial Advisors LLC now owns 696,167 shares of the company’s stock valued at $20,634,000 after acquiring an additional 100,076 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.4%

SCHM stock opened at $32.76 on Tuesday. The company has a market cap of $13.42 billion, a PE ratio of 18.83 and a beta of 1.08. The stock has a 50-day moving average price of $31.15 and a two-hundred day moving average price of $30.03. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month high of $32.84.

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.