Twele Capital Management Inc. Acquires 18,103 Shares of Schwab U.S. Mid-Cap ETF $SCHM

by · The Cerbat Gem

Twele Capital Management Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 18,103 shares of the company’s stock, valued at approximately $616,000.

Other institutional investors have also recently added to or reduced their stakes in the company. American Financial Advisors LLC lifted its position in Schwab U.S. Mid-Cap ETF by 2.6% during the first quarter. American Financial Advisors LLC now owns 11,364 shares of the company’s stock worth $352,000 after buying an additional 291 shares during the period. SouthState Bank Corp boosted its stake in Schwab U.S. Mid-Cap ETF by 4.8% in the 1st quarter. SouthState Bank Corp now owns 6,900 shares of the company’s stock worth $214,000 after buying an additional 318 shares during the last quarter. Human Investing LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 4.6% in the 1st quarter. Human Investing LLC now owns 7,216 shares of the company’s stock valued at $223,000 after buying an additional 320 shares during the period. MOR Wealth Management LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 4.7% in the 1st quarter. MOR Wealth Management LLC now owns 7,857 shares of the company’s stock valued at $243,000 after buying an additional 351 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 0.3% in the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 108,666 shares of the company’s stock valued at $3,364,000 after buying an additional 370 shares during the period.

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

Shares of NYSEARCA SCHM traded down $0.01 on Tuesday, reaching $34.50. 2,973,907 shares of the company traded hands, compared to its average volume of 1,449,059. 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 company has a 50 day moving average of $35.33 and a 200 day moving average of $34.76. The stock has a market capitalization of $14.56 billion, a PE ratio of 18.83 and a beta of 1.05.

Schwab U.S. Mid-Cap ETF Profile

(Free Report)

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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