Brookstone Capital Management Acquires 15,334 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Brookstone Capital Management boosted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 6.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 257,251 shares of the company’s stock after buying an additional 15,334 shares during the period. Brookstone Capital Management’s holdings in Schwab U.S. Mid-Cap ETF were worth $7,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 200.4% during the fourth quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after acquiring an additional 15,538 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 194.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $3,187,000 after purchasing an additional 75,941 shares in the last quarter. Royal Bank of Canada grew its position in shares of Schwab U.S. Mid-Cap ETF by 5.1% in the first quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock valued at $4,042,000 after purchasing an additional 7,443 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 1.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock valued at $12,707,000 after purchasing an additional 4,886 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 37.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,359 shares of the company’s stock valued at $94,000 after purchasing an additional 915 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM opened at $36.36 on Tuesday. The stock’s 50-day simple moving average is $34.57 and its 200 day simple moving average is $32.58. The stock has a market capitalization of $15.27 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 52-week low of $27.10 and a 52-week high of $36.65.

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.