Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Sold by Asset Management Group Inc.

Asset Management Group Inc. cut its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 190,137 shares of the company’s stock after selling 2,240 shares during the period. Schwab U.S. Mid-Cap ETF makes up approximately 2.8% of Asset Management Group Inc.’s holdings, making the stock its 9th largest holding. Asset Management Group Inc. owned about 0.13% of Schwab U.S. Mid-Cap ETF worth $14,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 0.3% in the fourth quarter. Creative Planning now owns 10,259,228 shares of the company’s stock worth $772,725,000 after acquiring an additional 25,791 shares in the last quarter. Advisory Alpha LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 12.0% in the 1st quarter. Advisory Alpha LLC now owns 1,713,535 shares of the company’s stock valued at $139,540,000 after purchasing an additional 183,375 shares in the last quarter. Fragasso Financial Advisors Inc boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 6.7% during the 2nd quarter. Fragasso Financial Advisors Inc now owns 1,024,471 shares of the company’s stock valued at $79,735,000 after buying an additional 64,081 shares during the last quarter. Fragasso Group Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 0.4% during the first quarter. Fragasso Group Inc. now owns 960,390 shares of the company’s stock worth $78,205,000 after buying an additional 3,920 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in Schwab U.S. Mid-Cap ETF by 1.6% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 645,119 shares of the company’s stock valued at $50,210,000 after acquiring an additional 9,967 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM opened at $82.71 on Friday. The company has a market capitalization of $11.86 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 $62.87 and a 1-year high of $83.31. The company has a 50-day moving average of $79.79 and a 200-day moving average of $79.05.

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.