Lee Financial Co Buys 317,302 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Lee Financial Co bought a new stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 317,302 shares of the company’s stock, valued at approximately $10,795,000. Schwab U.S. Mid-Cap ETF comprises 1.4% of Lee Financial Co’s investment portfolio, making the stock its 13th largest holding. Lee Financial Co owned about 0.08% of Schwab U.S. Mid-Cap ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Boltwood Capital Management purchased a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth about $3,319,000. FAS Wealth Partners Inc. boosted its position in Schwab U.S. Mid-Cap ETF by 3.8% during the 1st quarter. FAS Wealth Partners Inc. now owns 627,188 shares of the company’s stock worth $19,418,000 after acquiring an additional 22,838 shares during the period. Range Advisory LLC grew its stake in Schwab U.S. Mid-Cap ETF by 52.7% during the 2nd quarter. Range Advisory LLC now owns 293,784 shares of the company’s stock valued at $10,832,000 after acquiring an additional 101,396 shares in the last quarter. RFG Advisory LLC grew its stake in Schwab U.S. Mid-Cap ETF by 163.7% during the 1st quarter. RFG Advisory LLC now owns 234,021 shares of the company’s stock valued at $7,245,000 after acquiring an additional 145,262 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in Schwab U.S. Mid-Cap ETF by 9.5% during the 1st quarter. Cetera Investment Advisers now owns 1,285,570 shares of the company’s stock valued at $39,801,000 after acquiring an additional 111,937 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM opened at $34.16 on Friday. The company has a market capitalization of $14.44 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $28.25 and a fifty-two week high of $36.92. The business’s 50-day moving average is $35.20 and its 200-day moving average is $34.83.

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.