23,801 Shares in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Bought by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC acquired a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,801 shares of the company’s stock, valued at approximately $1,938,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SCHM. Richardson Capital Management LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 113,274.1% in the first quarter. Richardson Capital Management LLC now owns 166,660 shares of the company’s stock valued at $13,571,000 after purchasing an additional 166,513 shares during the last quarter. Alpha Omega Wealth Management LLC increased its position in Schwab U.S. Mid-Cap ETF by 0.6% during the first quarter. Alpha Omega Wealth Management LLC now owns 49,488 shares of the company’s stock worth $4,030,000 after buying an additional 300 shares in the last quarter. Newton One Investments LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 1.8% during the first quarter. Newton One Investments LLC now owns 231,078 shares of the company’s stock valued at $18,817,000 after acquiring an additional 4,147 shares during the last quarter. Moisand Fitzgerald Tamayo LLC increased its position in Schwab U.S. Mid-Cap ETF by 5.3% during the 1st quarter. Moisand Fitzgerald Tamayo LLC now owns 377,757 shares of the company’s stock worth $30,761,000 after purchasing an additional 18,888 shares in the last quarter. Finally, Cambridge Advisors Inc. raised its stake in Schwab U.S. Mid-Cap ETF by 12.0% in the 1st quarter. Cambridge Advisors Inc. now owns 19,381 shares of the company’s stock valued at $1,578,000 after purchasing an additional 2,080 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA:SCHM traded up $0.19 on Friday, reaching $77.83. The stock had a trading volume of 226,106 shares, compared to its average volume of 301,589. Schwab U.S. Mid-Cap ETF has a 12-month low of $62.87 and a 12-month high of $81.74. The company has a market cap of $11.16 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The firm’s fifty day moving average is $78.51 and its two-hundred day moving average is $77.28.

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.