Downshift Financial LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 218,150 shares of the company’s stock, valued at approximately $6,908,000. Schwab U.S. Mid-Cap ETF accounts for approximately 4.3% of Downshift Financial LLC’s holdings, making the stock its 8th largest holding.
Other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth about $30,000. Accredited Wealth Management LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 100.0% during the third quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after acquiring an additional 502 shares during the period. Kingdom Financial Group LLC. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at approximately $31,000. Ransom Advisory Ltd purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at approximately $32,000. Finally, International Assets Investment Management LLC acquired a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter worth approximately $36,000.
Schwab U.S. Mid-Cap ETF Stock Performance
NYSEARCA SCHM opened at $36.09 on Friday. Schwab U.S. Mid-Cap ETF has a twelve month low of $27.10 and a twelve month high of $36.65. The stock has a market cap of $15.16 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. The firm’s 50 day moving average price is $34.50 and its two-hundred day moving average price is $32.51.
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.
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