Cornerstone Wealth Group LLC Acquires 49,126 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Cornerstone Wealth Group LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 213.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,191 shares of the company’s stock after acquiring an additional 49,126 shares during the quarter. Cornerstone Wealth Group LLC owned about 0.05% of Schwab U.S. Mid-Cap ETF worth $2,000,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of SCHM. Geneos Wealth Management Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock worth $27,000 after purchasing an additional 640 shares in the last quarter. Cordant Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF during the third quarter worth about $30,000. Archer Investment Corp increased its holdings in Schwab U.S. Mid-Cap ETF by 1,965.0% in the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after buying an additional 393 shares during the period. UMB Bank n.a. raised its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock valued at $37,000 after buying an additional 882 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth approximately $41,000.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA SCHM opened at $29.20 on Monday. The business has a fifty day moving average price of $28.73 and a two-hundred day moving average price of $27.75. The stock has a market capitalization of $4.19 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.54 and a fifty-two week high of $30.28.

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.