Lodestar Private Asset Management LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 218.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 365,008 shares of the company’s stock after buying an additional 250,470 shares during the period. Schwab U.S. Mid-Cap ETF accounts for approximately 1.3% of Lodestar Private Asset Management LLC’s holdings, making the stock its 25th largest position. Lodestar Private Asset Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $10,114,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of SCHM. Sanctuary Advisors LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth approximately $486,000. Brookstone Capital Management lifted its stake in Schwab U.S. Mid-Cap ETF by 4.6% in the third quarter. Brookstone Capital Management now owns 58,625 shares of the company’s stock valued at $4,871,000 after buying an additional 2,570 shares during the period. High Note Wealth LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 2.5% during the third quarter. High Note Wealth LLC now owns 265,498 shares of the company’s stock worth $22,060,000 after buying an additional 6,570 shares during the last quarter. Capital Insight Partners LLC bought a new position in Schwab U.S. Mid-Cap ETF during the third quarter worth about $202,000. Finally, PPS&V Asset Management Consultants Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 2.8% during the 3rd quarter. PPS&V Asset Management Consultants Inc. now owns 79,180 shares of the company’s stock worth $6,579,000 after buying an additional 2,129 shares during the period.
Schwab U.S. Mid-Cap ETF Price Performance
Shares of NYSEARCA:SCHM opened at $29.01 on Friday. The firm’s 50 day simple moving average is $28.66 and its 200 day simple moving average is $27.86. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.64 and a fifty-two week high of $30.28. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.
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.
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