Bangor Savings Bank Boosts Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Bangor Savings Bank raised its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 623,035 shares of the company’s stock after acquiring an additional 415,760 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up about 1.6% of Bangor Savings Bank’s holdings, making the stock its 13th largest holding. Bangor Savings Bank owned 0.43% of Schwab U.S. Mid-Cap ETF worth $17,264,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in Schwab U.S. Mid-Cap ETF by 33.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock valued at $177,692,000 after purchasing an additional 574,475 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 217.7% in the third quarter. Chicago Partners Investment Group LLC now owns 615,663 shares of the company’s stock worth $51,155,000 after buying an additional 421,888 shares in the last quarter. Trinity Legacy Partners LLC boosted its position in Schwab U.S. Mid-Cap ETF by 217.5% during the third quarter. Trinity Legacy Partners LLC now owns 436,706 shares of the company’s stock worth $36,286,000 after acquiring an additional 299,153 shares during the last quarter. Campbell Wealth Management purchased a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at about $24,509,000. Finally, Cerity Partners LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 14.6% in the 3rd quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock valued at $188,180,000 after acquiring an additional 287,937 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $28.09 on Tuesday. Schwab U.S. Mid-Cap ETF has a 1-year low of $24.17 and a 1-year high of $30.28. The stock has a market cap of $4.03 billion, a P/E ratio of 16.47 and a beta of 1.09. The stock’s 50 day simple moving average is $28.73 and its 200-day simple moving average is $27.48.

Schwab U.S. Mid-Cap ETF 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.