Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Acquired by Summit Asset Management LLC

Summit Asset Management LLC boosted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 354,576 shares of the company’s stock after purchasing an additional 6,002 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises about 6.4% of Summit Asset Management LLC’s holdings, making the stock its 2nd biggest position. Summit Asset Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $26,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of SCHM. WestHill Financial Advisors Inc. purchased a new position in Schwab U.S. Mid-Cap ETF during the third quarter worth about $28,000. Fifth Third Bancorp boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 1,285.7% in the 3rd quarter. Fifth Third Bancorp now owns 485 shares of the company’s stock valued at $33,000 after purchasing an additional 450 shares in the last quarter. NBC Securities Inc. bought a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at $37,000. North Star Investment Management Corp. bought a new stake in Schwab U.S. Mid-Cap ETF during the 4th quarter valued at $39,000. Finally, VisionPoint Advisory Group LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 10,957.1% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 774 shares of the company’s stock worth $52,000 after purchasing an additional 767 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.6 %

NYSEARCA SCHM traded up $0.47 during trading on Thursday, hitting $76.93. The company had a trading volume of 86,059 shares, compared to its average volume of 314,753. The company’s fifty day moving average is $78.55 and its 200-day moving average is $73.95. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a one year low of $62.87 and a one year high of $81.74.

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.