Evermay Wealth Management LLC Increases Stake in Schwab U.S. Mid-Cap ETF $SCHM

by · The Markets Daily

Evermay Wealth Management LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHMFree Report) by 6.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,918 shares of the company’s stock after buying an additional 1,582 shares during the period. Evermay Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $699,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SCHM. Advisory Alpha LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 27.7% during the first quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock valued at $191,211,000 after buying an additional 1,581,924 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Schwab U.S. Mid-Cap ETF during the second quarter valued at approximately $40,844,000. Northwestern Mutual Wealth Management Co. increased its holdings in Schwab U.S. Mid-Cap ETF by 8.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock valued at $214,880,000 after buying an additional 616,733 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Schwab U.S. Mid-Cap ETF by 28.6% during the first quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock valued at $43,409,000 after buying an additional 368,908 shares during the last quarter. Finally, Focus Partners Wealth increased its holdings in Schwab U.S. Mid-Cap ETF by 78.9% during the first quarter. Focus Partners Wealth now owns 640,723 shares of the company’s stock valued at $16,787,000 after buying an additional 282,489 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM opened at $29.49 on Monday. The firm has a fifty day moving average price of $29.53 and a 200-day moving average price of $27.91. The stock has a market cap of $12.11 billion, a PE ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $30.28.

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.

See Also

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