Brookwood Investment Group LLC Invests $735,000 in Schwab U.S. Mid-Cap ETF $SCHM

Brookwood Investment Group LLC bought a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 24,799 shares of the company’s stock, valued at approximately $735,000.

Several other hedge funds have also added to or reduced their stakes in the company. Creative Planning grew its holdings in Schwab U.S. Mid-Cap ETF by 2.4% in the 2nd quarter. Creative Planning now owns 29,603,590 shares of the company’s stock valued at $830,381,000 after buying an additional 684,597 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 25.2% in 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 acquiring an additional 2,070,689 shares in the last quarter. Advisory Alpha LLC increased its position in Schwab U.S. Mid-Cap ETF by 14.7% during the second quarter. Advisory Alpha LLC now owns 8,373,700 shares of the company’s stock worth $234,882,000 after acquiring an additional 1,072,948 shares during the period. Legacy Wealth Management Inc raised its stake in Schwab U.S. Mid-Cap ETF by 0.5% in the 3rd quarter. Legacy Wealth Management Inc now owns 4,204,735 shares of the company’s stock worth $124,628,000 after purchasing an additional 22,803 shares in the last quarter. Finally, Fragasso Financial Advisors Inc raised its stake in Schwab U.S. Mid-Cap ETF by 0.7% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 2,928,064 shares of the company’s stock worth $87,959,000 after purchasing an additional 19,484 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 1.4%

NYSEARCA SCHM opened at $30.48 on Friday. The firm has a 50-day moving average price of $29.87 and a two-hundred day moving average price of $29.37. 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 capitalization of $12.39 billion, a P/E ratio of 18.83 and a beta of 1.08.

Schwab U.S. Mid-Cap ETF 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.