Newman Dignan & Sheerar Inc. acquired a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 149,196 shares of the company’s stock, valued at approximately $5,076,000. Schwab U.S. Mid-Cap ETF accounts for approximately 1.0% of Newman Dignan & Sheerar Inc.’s investment portfolio, making the stock its 26th biggest position.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Carnegie Investment Counsel acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth approximately $372,000. Diversify Advisory Services LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 14.9% during the third quarter. Diversify Advisory Services LLC now owns 190,005 shares of the company’s stock worth $6,565,000 after buying an additional 24,600 shares during the last quarter. HT Partners LLC acquired a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $229,000. Single Point Partners LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 10.8% in the third quarter. Single Point Partners LLC now owns 45,970 shares of the company’s stock valued at $1,564,000 after buying an additional 4,468 shares during the period. Finally, Smithbridge Asset Management Inc. DE acquired a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $455,000.
Schwab U.S. Mid-Cap ETF Stock Performance
Shares of SCHM stock opened at $34.59 on Wednesday. Schwab U.S. Mid-Cap ETF has a 52-week low of $28.25 and a 52-week high of $36.92. The stock has a market cap of $14.61 billion, a PE ratio of 18.83 and a beta of 1.05. The firm’s 50 day moving average price is $35.14 and its two-hundred day moving average price is $34.91.
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.
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