Grantvest Financial Group LLC Invests $1.04 Million in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Grantvest Financial Group LLC purchased a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 37,634 shares of the company’s stock, valued at approximately $1,043,000. Schwab U.S. Mid-Cap ETF accounts for 1.2% of Grantvest Financial Group LLC’s investment portfolio, making the stock its 26th biggest holding.

Other institutional investors have also bought and sold shares of the company. Von Berge Wealth Management Group LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 0.4% during the 4th quarter. Von Berge Wealth Management Group LLC now owns 115,341 shares of the company’s stock valued at $3,368,000 after buying an additional 426 shares during the period. Waterfront Wealth Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 0.7% in the fourth quarter. Waterfront Wealth Inc. now owns 65,765 shares of the company’s stock valued at $1,822,000 after acquiring an additional 461 shares during the last quarter. Kingsview Wealth Management LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 3.5% in the third quarter. Kingsview Wealth Management LLC now owns 15,197 shares of the company’s stock valued at $1,263,000 after buying an additional 514 shares during the period. MML Investors Services LLC grew its stake in Schwab U.S. Mid-Cap ETF by 0.4% in the third quarter. MML Investors Services LLC now owns 137,556 shares of the company’s stock valued at $11,430,000 after acquiring an additional 560 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in Schwab U.S. Mid-Cap ETF by 1,742.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock valued at $51,000 after acquiring an additional 575 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.4 %

Shares of Schwab U.S. Mid-Cap ETF stock opened at $26.50 on Monday. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.64 and a 12-month high of $30.28. The business’s 50 day moving average is $28.03 and its 200-day moving average is $28.12. The stock has a market cap of $10.81 billion, a P/E ratio of 18.04 and a beta of 1.16.

Schwab U.S. Mid-Cap ETF Company 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.