Summit Financial Strategies Inc. reduced its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 25.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 844,358 shares of the company’s stock after selling 286,983 shares during the period. Schwab U.S. Mid-Cap ETF makes up approximately 2.0% of Summit Financial Strategies Inc.’s portfolio, making the stock its 15th biggest holding. Summit Financial Strategies Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $28,725,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compass Financial Management LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at about $30,000. Evergreen Advisors LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the first quarter worth about $29,000. Godsey & Gibb Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the first quarter worth about $29,000. Angeles Wealth Management LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 67.1% in the second quarter. Angeles Wealth Management LLC now owns 934 shares of the company’s stock worth $34,000 after buying an additional 375 shares during the last quarter. Finally, Trust Co. of Vermont purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter worth about $35,000.
Schwab U.S. Mid-Cap ETF Stock Down 1.2%
Schwab U.S. Mid-Cap ETF stock opened at $34.07 on Thursday. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a 52 week low of $28.25 and a 52 week high of $36.92. The business’s 50-day moving average price is $35.26 and its 200 day moving average price is $34.80.
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.
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