Diligent Investors LLC Makes New Investment in Schwab U.S. Mid-Cap ETF $SCHM

Diligent Investors LLC bought a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the third quarter, Holdings Channel.com reports. The institutional investor bought 20,971 shares of the company’s stock, valued at approximately $713,000.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Flavin Financial Services Inc. acquired a new position in Schwab U.S. Mid-Cap ETF during the third quarter valued at $634,000. Axxcess Wealth Management LLC purchased a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth about $461,000. Albion Financial Group UT purchased a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth about $284,000. Sterling Manor Financial LLC acquired a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth about $7,041,000. Finally, Fifth Third Securities Inc. boosted its position in Schwab U.S. Mid-Cap ETF by 1.6% during the 3rd quarter. Fifth Third Securities Inc. now owns 440,650 shares of the company’s stock worth $14,991,000 after acquiring an additional 6,823 shares during the period.

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

Shares of NYSEARCA SCHM opened at $34.73 on Thursday. Schwab U.S. Mid-Cap ETF has a one year low of $28.25 and a one year high of $36.92. The business has a 50-day moving average price of $35.11 and a two-hundred day moving average price of $34.93. The firm has a market capitalization of $14.67 billion, a PE ratio of 18.83 and a beta of 1.05.

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.