Financial Consulate Inc. Takes Position in Schwab U.S. Mid-Cap ETF $SCHM

Financial Consulate Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 23,212 shares of the company’s stock, valued at approximately $688,000.

Several other hedge funds have also recently bought and sold shares of SCHM. Northwestern Mutual Wealth Management Co. lifted its position in Schwab U.S. Mid-Cap ETF by 25.2% during the second 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 raised its stake in shares of Schwab U.S. Mid-Cap ETF by 27.7% in the 1st quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock valued at $191,211,000 after acquiring an additional 1,581,924 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at $40,844,000. Creative Planning lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.4% during the 2nd 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 in the last quarter. Finally, Corient Private Wealth LLC boosted its position in Schwab U.S. Mid-Cap ETF by 97.8% during the 2nd quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock worth $36,187,000 after purchasing an additional 637,571 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 1.0%

Shares of NYSEARCA SCHM opened at $30.07 on Friday. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month high of $30.91. The company has a market cap of $12.22 billion, a P/E ratio of 18.83 and a beta of 1.08. The stock has a fifty day moving average price of $29.86 and a 200 day moving average price of $29.33.

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.