Cahill Financial Advisors Inc. Reduces Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Cahill Financial Advisors Inc. cut its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 9.4% during the second quarter, HoldingsChannel reports. The firm owned 59,819 shares of the company’s stock after selling 6,213 shares during the period. Cahill Financial Advisors Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,678,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Advisory Alpha LLC grew its stake in Schwab U.S. Mid-Cap ETF by 27.7% in the first quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock worth $191,211,000 after purchasing an additional 1,581,924 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter worth $40,844,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Schwab U.S. Mid-Cap ETF by 8.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock worth $214,880,000 after buying an additional 616,733 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Schwab U.S. Mid-Cap ETF by 28.6% during the first quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock valued at $43,409,000 after buying an additional 368,908 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of Schwab U.S. Mid-Cap ETF by 78.9% during the first quarter. Focus Partners Wealth now owns 640,723 shares of the company’s stock valued at $16,787,000 after buying an additional 282,489 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 1.3%

NYSEARCA SCHM opened at $29.47 on Monday. The firm has a market cap of $11.98 billion, a PE ratio of 18.83 and a beta of 1.08. The company has a 50 day moving average price of $29.69 and a 200 day moving average price of $28.51. Schwab U.S. Mid-Cap ETF has a 52 week low of $22.41 and a 52 week high of $30.31.

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.