Cornerstone Wealth Group LLC Purchases 49,126 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Cornerstone Wealth Group LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 213.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 72,191 shares of the company’s stock after purchasing an additional 49,126 shares during the quarter. Cornerstone Wealth Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,000,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of SCHM. Global Wealth Strategies & Associates grew its holdings in Schwab U.S. Mid-Cap ETF by 28.0% during the 3rd quarter. Global Wealth Strategies & Associates now owns 735 shares of the company’s stock worth $61,000 after acquiring an additional 161 shares during the period. Centaurus Financial Inc. grew its stake in Schwab U.S. Mid-Cap ETF by 6.1% during the second quarter. Centaurus Financial Inc. now owns 3,622 shares of the company’s stock worth $282,000 after purchasing an additional 209 shares during the period. Avior Wealth Management LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 0.3% in the third quarter. Avior Wealth Management LLC now owns 110,412 shares of the company’s stock worth $9,174,000 after purchasing an additional 357 shares in the last quarter. Cordant Inc. bought a new stake in Schwab U.S. Mid-Cap ETF in the third quarter worth approximately $30,000. Finally, Leisure Capital Management lifted its stake in Schwab U.S. Mid-Cap ETF by 1.2% in the third quarter. Leisure Capital Management now owns 31,790 shares of the company’s stock valued at $2,641,000 after buying an additional 379 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Up 0.0 %

NYSEARCA:SCHM opened at $29.20 on Monday. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.54 and a 12 month high of $30.28. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The firm has a fifty day simple moving average of $28.73 and a two-hundred day simple moving average of $27.75.

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.