Fortis Capital Management LLC Buys 29,694 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Fortis Capital Management LLC lifted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 394,341 shares of the company’s stock after buying an additional 29,694 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises 1.6% of Fortis Capital Management LLC’s portfolio, making the stock its 13th biggest holding. Fortis Capital Management LLC owned 0.10% of Schwab U.S. Mid-Cap ETF worth $11,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Denver PWM LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 4.9% during the 2nd quarter. Denver PWM LLC now owns 650,802 shares of the company’s stock valued at $18,255,000 after purchasing an additional 30,453 shares during the period. Caprock Group LLC bought a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth $697,000. Arkadios Wealth Advisors purchased a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth $727,000. Belpointe Asset Management LLC increased its stake in Schwab U.S. Mid-Cap ETF by 85.8% in the 3rd quarter. Belpointe Asset Management LLC now owns 45,867 shares of the company’s stock worth $1,359,000 after buying an additional 21,177 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Schwab U.S. Mid-Cap ETF during the second quarter valued at about $478,000.

Schwab U.S. Mid-Cap ETF Stock Up 0.5%

NYSEARCA SCHM opened at $32.97 on Monday. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve month high of $33.18. The business has a 50-day moving average price of $31.58 and a 200-day moving average price of $30.28. The firm has a market cap of $13.50 billion, a price-to-earnings 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.