Brookstone Capital Management Increases Stock Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Brookstone Capital Management increased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 17.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 241,917 shares of the company’s stock after acquiring an additional 36,546 shares during the period. Brookstone Capital Management owned approximately 0.06% of Schwab U.S. Mid-Cap ETF worth $7,274,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHM. Gleason Group Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 6.1% during the fourth quarter. Gleason Group Inc. now owns 186,219 shares of the company’s stock worth $5,600,000 after purchasing an additional 10,686 shares in the last quarter. Bernard Wealth Management Corp. grew its holdings in Schwab U.S. Mid-Cap ETF by 0.9% during the 4th quarter. Bernard Wealth Management Corp. now owns 307,350 shares of the company’s stock valued at $9,242,000 after purchasing an additional 2,635 shares in the last quarter. Cassilly Financial Group LLC purchased a new stake in Schwab U.S. Mid-Cap ETF during the 4th quarter worth $1,154,000. Columbus Macro LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 0.7% in the 4th quarter. Columbus Macro LLC now owns 142,990 shares of the company’s stock worth $4,300,000 after buying an additional 981 shares in the last quarter. Finally, MOR Wealth Management LLC acquired a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter worth $226,000.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA:SCHM opened at $31.25 on Thursday. The firm has a 50-day moving average of $31.91 and a two-hundred day moving average of $30.72. The stock has a market cap of $12.80 billion, a P/E ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $33.18.

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.