Pacific Excel Wealth Advisors Inc. Takes Position in Schwab U.S. Mid-Cap ETF $SCHM

Pacific Excel Wealth Advisors Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 30,143 shares of the company’s stock, valued at approximately $1,111,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 200.4% during the 4th quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock valued at $645,000 after acquiring an additional 15,538 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Schwab U.S. Mid-Cap ETF by 194.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock worth $3,187,000 after purchasing an additional 75,941 shares during the period. Royal Bank of Canada boosted its holdings in Schwab U.S. Mid-Cap ETF by 5.1% in the 1st quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock valued at $4,042,000 after purchasing an additional 7,443 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 1.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock valued at $12,707,000 after buying an additional 4,886 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 37.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,359 shares of the company’s stock valued at $94,000 after buying an additional 915 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $36.11 on Wednesday. Schwab U.S. Mid-Cap ETF has a one year low of $28.19 and a one year high of $36.90. The firm has a market cap of $15.08 billion, a PE ratio of 18.83 and a beta of 1.04. The firm’s 50 day moving average price is $35.54 and its 200-day moving average price is $33.64.

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.