Golden State Wealth Management LLC Purchases New Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Golden State Wealth Management LLC acquired a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the fourth quarter, Holdings Channel reports. The firm acquired 2,799 shares of the company’s stock, valued at approximately $78,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at approximately $486,000. Orca Investment Management LLC grew its position in Schwab U.S. Mid-Cap ETF by 5.0% in the third quarter. Orca Investment Management LLC now owns 13,678 shares of the company’s stock worth $1,137,000 after acquiring an additional 654 shares in the last quarter. Procyon Advisors LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth $211,000. Clayton Financial Group LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 12.9% during the 3rd quarter. Clayton Financial Group LLC now owns 28,604 shares of the company’s stock valued at $2,377,000 after purchasing an additional 3,273 shares in the last quarter. Finally, Zhang Financial LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 18.9% in the 3rd quarter. Zhang Financial LLC now owns 36,119 shares of the company’s stock valued at $3,001,000 after purchasing an additional 5,749 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Schwab U.S. Mid-Cap ETF stock opened at $28.81 on Tuesday. Schwab U.S. Mid-Cap ETF has a one year low of $24.64 and a one year high of $30.28. The company’s fifty day moving average price is $28.62 and its two-hundred day moving average price is $27.90. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

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.