Centerpoint Advisors LLC Has $2.33 Million Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Centerpoint Advisors LLC increased its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,000 shares of the company’s stock after acquiring an additional 56,000 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for approximately 0.8% of Centerpoint Advisors LLC’s portfolio, making the stock its 18th largest position. Centerpoint Advisors LLC owned approximately 0.06% of Schwab U.S. Mid-Cap ETF worth $2,328,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SCHM. Empower Advisory Group LLC raised its stake in Schwab U.S. Mid-Cap ETF by 268.3% during the 4th quarter. Empower Advisory Group LLC now owns 12,162 shares of the company’s stock worth $337,000 after buying an additional 8,860 shares during the period. Cooksen Wealth LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 177.5% during the fourth quarter. Cooksen Wealth LLC now owns 22,018 shares of the company’s stock valued at $610,000 after acquiring an additional 14,083 shares in the last quarter. Truist Financial Corp raised its position in shares of Schwab U.S. Mid-Cap ETF by 206.2% during the fourth quarter. Truist Financial Corp now owns 303,603 shares of the company’s stock worth $8,413,000 after purchasing an additional 204,449 shares during the period. Pittenger & Anderson Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.7% in the 4th quarter. Pittenger & Anderson Inc. now owns 494,039 shares of the company’s stock worth $13,690,000 after purchasing an additional 329,758 shares in the last quarter. Finally, Ifrah Financial Services Inc. grew its position in Schwab U.S. Mid-Cap ETF by 176.4% in the 4th quarter. Ifrah Financial Services Inc. now owns 47,690 shares of the company’s stock valued at $1,321,000 after purchasing an additional 30,434 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM opened at $28.89 on Tuesday. The company has a 50-day moving average price of $28.52 and a 200-day moving average price of $27.97. The stock has a market capitalization of $4.14 billion, a P/E ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 1 year low of $24.64 and a 1 year high of $30.28.

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.