Cresset Asset Management LLC Cuts Stake in Schwab U.S. Mid-Cap ETF $SCHM

Cresset Asset Management LLC lessened its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 10.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 247,077 shares of the company’s stock after selling 29,123 shares during the period. Cresset Asset Management LLC owned approximately 0.06% of Schwab U.S. Mid-Cap ETF worth $6,931,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. lifted its position in Schwab U.S. Mid-Cap ETF by 25.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock valued at $288,136,000 after purchasing an additional 2,070,689 shares during the period. Advisory Alpha LLC raised its stake in shares of 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 buying an additional 1,581,924 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at approximately $40,844,000. Creative Planning lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.4% in the 2nd quarter. Creative Planning now owns 29,603,590 shares of the company’s stock valued at $830,381,000 after buying an additional 684,597 shares during the period. Finally, Jones Financial Companies Lllp boosted 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 buying an additional 368,908 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA:SCHM opened at $30.31 on Friday. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $30.47. The stock has a fifty day moving average price of $29.60 and a two-hundred day moving average price of $28.92. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08.

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.