Wealth Group Ltd. Decreases Position in Schwab U.S. Mid-Cap ETF $SCHM

Wealth Group Ltd. cut its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,176 shares of the company’s stock after selling 1,331 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up approximately 3.0% of Wealth Group Ltd.’s portfolio, making the stock its 17th largest holding. Wealth Group Ltd.’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,006,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Atwood & Palmer Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $25,000. Roxbury Financial LLC acquired a new stake in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $39,000. Bulwark Capital Corp acquired a new stake in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $58,000. Webster Bank N. A. acquired a new stake in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $60,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 467.1% during the 1st quarter. Russell Investments Group Ltd. now owns 2,444 shares of the company’s stock worth $64,000 after buying an additional 2,013 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM opened at $29.29 on Friday. The company has a 50 day simple moving average of $29.22 and a 200-day simple moving average of $27.53. The company has a market capitalization of $12.07 billion, a P/E ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $30.28.

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.