AdvisorNet Financial Inc Purchases 50,307 Shares of Schwab U.S. Mid-Cap ETF $SCHM

AdvisorNet Financial Inc grew its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 40.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,883 shares of the company’s stock after purchasing an additional 50,307 shares during the quarter. AdvisorNet Financial Inc’s holdings in Schwab U.S. Mid-Cap ETF were worth $5,154,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in Schwab U.S. Mid-Cap ETF by 25.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock valued at $288,136,000 after buying an additional 2,070,689 shares in the last quarter. Advisory Alpha LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 27.7% during the first quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock worth $191,211,000 after buying an additional 1,581,924 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at about $40,844,000. Creative Planning boosted its position in shares of Schwab U.S. Mid-Cap ETF by 2.4% in the second quarter. Creative Planning now owns 29,603,590 shares of the company’s stock valued at $830,381,000 after acquiring an additional 684,597 shares during the period. Finally, Corient Private Wealth LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 97.8% in the second quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock valued at $36,187,000 after acquiring an additional 637,571 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA:SCHM opened at $30.45 on Friday. Schwab U.S. Mid-Cap ETF has a 52 week low of $22.41 and a 52 week high of $30.91. The firm’s 50-day simple moving average is $29.72 and its 200 day simple moving average is $29.14. The firm has a market cap of $12.37 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08.

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.