Chicago Partners Investment Group LLC Increases Stake in Schwab U.S. Mid-Cap ETF $SCHM

Chicago Partners Investment Group LLC increased its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 10.0% during the third quarter, Holdings Channel reports. The institutional investor owned 858,778 shares of the company’s stock after buying an additional 78,192 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises about 0.7% of Chicago Partners Investment Group LLC’s portfolio, making the stock its 29th largest holding. Chicago Partners Investment Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $25,660,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $200,000. Grey Fox Wealth Advisors LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth $64,000. McAdam LLC raised its stake in Schwab U.S. Mid-Cap ETF by 1.0% in the third quarter. McAdam LLC now owns 103,019 shares of the company’s stock valued at $3,053,000 after buying an additional 1,021 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth about $87,000. Finally, Providence First Trust Co increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 5.1% in the 3rd quarter. Providence First Trust Co now owns 75,736 shares of the company’s stock valued at $2,245,000 after acquiring an additional 3,641 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA SCHM opened at $31.72 on Wednesday. The stock’s 50-day simple moving average is $30.38 and its 200-day simple moving average is $29.69. The firm has a market capitalization of $12.97 billion, a PE ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $22.41 and a fifty-two week high of $32.30.

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.