472,836 Shares in Schwab U.S. Mid-Cap ETF $SCHM Acquired by Bangor Savings Bank

Bangor Savings Bank purchased a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 472,836 shares of the company’s stock, valued at approximately $16,086,000. Schwab U.S. Mid-Cap ETF comprises about 1.2% of Bangor Savings Bank’s holdings, making the stock its 17th biggest holding. Bangor Savings Bank owned 0.11% of Schwab U.S. Mid-Cap ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SCHM. Godsey & Gibb Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the first quarter worth $29,000. Evergreen Advisors LLC acquired a new stake in Schwab U.S. Mid-Cap ETF during the 1st quarter worth about $29,000. Compass Financial Management LLC acquired a new stake in Schwab U.S. Mid-Cap ETF during the 2nd quarter worth about $30,000. Archer Investment Corp raised its stake in shares of Schwab U.S. Mid-Cap ETF by 266.9% during the 1st quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock valued at $33,000 after buying an additional 782 shares during the last quarter. Finally, Angeles Wealth Management LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 67.1% in the 2nd quarter. Angeles Wealth Management LLC now owns 934 shares of the company’s stock valued at $34,000 after buying an additional 375 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 0.3%

Shares of SCHM traded up $0.11 during mid-day trading on Tuesday, reaching $34.88. The company had a trading volume of 3,150,500 shares, compared to its average volume of 1,423,355. The stock has a market capitalization of $14.69 billion, a P/E ratio of 18.83 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a 52-week low of $28.25 and a 52-week high of $36.92. The stock has a 50 day moving average of $35.35 and a two-hundred day moving average of $34.63.

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.