US Bancorp DE Grows Stock Holdings in Schwab U.S. Mid-Cap ETF $SCHM

US Bancorp DE boosted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 11.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,725 shares of the company’s stock after purchasing an additional 5,058 shares during the quarter. US Bancorp DE’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,395,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 8.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock valued at $214,880,000 after acquiring an additional 616,733 shares during the period. Advisory Alpha LLC raised its stake in shares of 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 valued at $191,211,000 after acquiring an additional 1,581,924 shares during the period. Cerity Partners LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 2.9% in the first quarter. Cerity Partners LLC now owns 6,908,231 shares of the company’s stock valued at $180,996,000 after acquiring an additional 193,939 shares during the period. Legacy Wealth Management Inc raised its stake in shares of Schwab U.S. Mid-Cap ETF by 0.6% in the first quarter. Legacy Wealth Management Inc now owns 4,203,019 shares of the company’s stock valued at $110,119,000 after acquiring an additional 23,009 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of Schwab U.S. Mid-Cap ETF by 28.6% in the first quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock valued at $43,409,000 after acquiring an additional 368,908 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 1.1%

Shares of SCHM opened at $29.46 on Friday. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve month high of $30.28. The company has a market cap of $12.10 billion, a P/E ratio of 18.83 and a beta of 1.13. The company’s fifty day simple moving average is $29.51 and its 200-day simple moving average is $27.86.

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.