Schwab U.S. Mid-Cap ETF $SCHM is RKL Wealth Management LLC’s 10th Largest Position

RKL Wealth Management LLC reduced its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 7.7% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 831,548 shares of the company’s stock after selling 68,917 shares during the period. Schwab U.S. Mid-Cap ETF makes up 2.1% of RKL Wealth Management LLC’s portfolio, making the stock its 10th largest holding. RKL Wealth Management LLC owned approximately 0.20% of Schwab U.S. Mid-Cap ETF worth $23,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in SCHM. EP Wealth Advisors LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 1.1% in the 1st quarter. EP Wealth Advisors LLC now owns 36,924 shares of the company’s stock worth $967,000 after buying an additional 386 shares during the last quarter. Citizens Financial Group Inc. RI grew its position in shares of Schwab U.S. Mid-Cap ETF by 0.3% in the 1st quarter. Citizens Financial Group Inc. RI now owns 135,348 shares of the company’s stock worth $3,546,000 after buying an additional 398 shares during the last quarter. LifePlan Financial LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 2.3% in the 2nd quarter. LifePlan Financial LLC now owns 21,228 shares of the company’s stock worth $595,000 after buying an additional 470 shares during the last quarter. Alpha Omega Wealth Management LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 0.3% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 144,463 shares of the company’s stock worth $4,052,000 after buying an additional 482 shares during the last quarter. Finally, Morris Financial Concepts Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 21.0% in the 1st quarter. Morris Financial Concepts Inc. now owns 2,977 shares of the company’s stock worth $78,000 after buying an additional 517 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 0.4%

Shares of Schwab U.S. Mid-Cap ETF stock opened at $29.77 on Thursday. The company has a market cap of $12.27 billion, a P/E ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $30.28. The firm’s 50 day moving average price is $29.29 and its 200-day moving average price is $27.63.

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.