Summit Asset Management LLC Purchases 20,765 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Summit Asset Management LLC raised its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,260,594 shares of the company’s stock after purchasing an additional 20,765 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 5.4% of Summit Asset Management LLC’s portfolio, making the stock its 5th biggest position. Summit Asset Management LLC owned approximately 0.31% of Schwab U.S. Mid-Cap ETF worth $37,906,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth approximately $30,000. Accredited Wealth Management LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 100.0% in the third quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock worth $30,000 after purchasing an additional 502 shares during the last quarter. Kingdom Financial Group LLC. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth approximately $31,000. Ransom Advisory Ltd purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth approximately $32,000. Finally, Guerra Advisors Inc purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth approximately $33,000.

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

Shares of Schwab U.S. Mid-Cap ETF stock opened at $34.73 on Friday. The company has a market cap of $14.58 billion, a PE ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 52 week low of $26.45 and a 52 week high of $35.03. The business has a 50 day moving average price of $32.75 and a 200-day moving average price of $31.65.

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.