Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) is Summit Asset Management LLC’s 3rd Largest Position

Summit Asset Management LLC boosted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 209.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,229,842 shares of the company’s stock after purchasing an additional 832,632 shares during the period. Schwab U.S. Mid-Cap ETF comprises 6.0% of Summit Asset Management LLC’s portfolio, making the stock its 3rd largest position. Summit Asset Management LLC owned 0.86% of Schwab U.S. Mid-Cap ETF worth $34,079,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Bush Investment Group LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 0.5% during the 3rd quarter. Bush Investment Group LLC now owns 128,379 shares of the company’s stock worth $10,667,000 after buying an additional 673 shares during the last quarter. Denver PWM LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 2.8% during the 3rd quarter. Denver PWM LLC now owns 204,460 shares of the company’s stock worth $16,989,000 after buying an additional 5,553 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 1.6% during the 3rd quarter. Anchor Investment Management LLC now owns 70,223 shares of the company’s stock worth $5,835,000 after buying an additional 1,136 shares during the last quarter. World Investment Advisors LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 10.5% during the 3rd quarter. World Investment Advisors LLC now owns 7,893 shares of the company’s stock worth $656,000 after buying an additional 747 shares during the last quarter. Finally, Synovus Financial Corp lifted its holdings in Schwab U.S. Mid-Cap ETF by 100.0% during the 3rd quarter. Synovus Financial Corp now owns 15,250 shares of the company’s stock worth $1,267,000 after buying an additional 7,626 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 2.5 %

NYSEARCA:SCHM opened at $27.98 on Friday. The business’s 50 day moving average is $28.46 and its two-hundred day moving average is $28.04. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.64 and a 52 week high of $30.28. The company has a market cap of $4.01 billion, a PE ratio of 16.47 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF Company 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.