Schwab U.S. Mid-Cap ETF $SCHM Stake Lowered by Sage Financial Group Inc.

Sage Financial Group Inc. decreased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 950,167 shares of the company’s stock after selling 18,160 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up approximately 2.0% of Sage Financial Group Inc.’s portfolio, making the stock its 10th biggest position. Sage Financial Group Inc. owned approximately 0.23% of Schwab U.S. Mid-Cap ETF worth $26,652,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in SCHM. Advisory Alpha LLC raised its stake in Schwab U.S. Mid-Cap ETF by 27.7% during the 1st quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock worth $191,211,000 after acquiring an additional 1,581,924 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth about $40,844,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the first quarter worth about $24,197,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 8.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock valued at $214,880,000 after purchasing an additional 616,733 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Schwab U.S. Mid-Cap ETF by 28.6% in the 1st quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock valued at $43,409,000 after purchasing an additional 368,908 shares during the period.

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

Shares of SCHM opened at $30.04 on Monday. The company’s 50 day simple moving average is $29.32 and its 200-day simple moving average is $27.69. The firm has a market cap of $12.34 billion, a PE ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month high of $30.28.

About Schwab U.S. Mid-Cap ETF

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.