Brighton Jones LLC Makes New Investment in Schwab U.S. Mid-Cap ETF $SCHM

Brighton Jones LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the third quarter, according to its most recent filing with the SEC. The firm purchased 31,100 shares of the company’s stock, valued at approximately $1,058,000.

Several other hedge funds have also recently made changes to their positions in SCHM. Legacy Wealth Management LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 1.0% in the 3rd quarter. Legacy Wealth Management LLC now owns 4,330,359 shares of the company’s stock worth $147,319,000 after acquiring an additional 43,883 shares in the last quarter. Fragasso Financial Advisors Inc lifted its position in shares of Schwab U.S. Mid-Cap ETF by 0.7% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 2,888,481 shares of the company’s stock valued at $100,086,000 after acquiring an additional 20,487 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 9.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,553,972 shares of the company’s stock valued at $57,157,000 after acquiring an additional 139,644 shares during the period. Cetera Investment Advisers boosted its stake in Schwab U.S. Mid-Cap ETF by 9.5% during the first quarter. Cetera Investment Advisers now owns 1,285,570 shares of the company’s stock worth $39,801,000 after acquiring an additional 111,937 shares in the last quarter. Finally, Financial Solutions Advisory Group Inc. bought a new position in Schwab U.S. Mid-Cap ETF during the first quarter worth $39,615,000.

Schwab U.S. Mid-Cap ETF Trading Up 0.8%

Shares of NYSEARCA SCHM opened at $35.61 on Thursday. The firm’s 50-day moving average price is $34.80 and its 200-day moving average price is $34.21. The firm has a market capitalization of $15.14 billion, a P/E ratio of 19.13 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a 1-year low of $28.25 and a 1-year high of $36.92.

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.