Asset Management Group Inc. Trims Stake in Schwab U.S. Mid-Cap ETF $SCHM

Asset Management Group Inc. decreased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 3.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 507,857 shares of the company’s stock after selling 17,909 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for approximately 2.5% of Asset Management Group Inc.’s portfolio, making the stock its 12th largest position. Asset Management Group Inc. owned about 0.12% of Schwab U.S. Mid-Cap ETF worth $15,723,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. American Financial Advisors LLC grew its position in Schwab U.S. Mid-Cap ETF by 2.6% in the first quarter. American Financial Advisors LLC now owns 11,364 shares of the company’s stock worth $352,000 after acquiring an additional 291 shares in the last quarter. SouthState Bank Corp raised its position in Schwab U.S. Mid-Cap ETF by 4.8% during the first quarter. SouthState Bank Corp now owns 6,900 shares of the company’s stock valued at $214,000 after purchasing an additional 318 shares in the last quarter. Human Investing LLC raised its position in Schwab U.S. Mid-Cap ETF by 4.6% during the first quarter. Human Investing LLC now owns 7,216 shares of the company’s stock valued at $223,000 after purchasing an additional 320 shares in the last quarter. Kiley Juergens Wealth Management LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 2.8% during the fourth quarter. Kiley Juergens Wealth Management LLC now owns 11,734 shares of the company’s stock worth $353,000 after purchasing an additional 323 shares during the last quarter. Finally, MOR Wealth Management LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 4.7% during the first quarter. MOR Wealth Management LLC now owns 7,857 shares of the company’s stock worth $243,000 after purchasing an additional 351 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.5%

SCHM opened at $34.99 on Friday. The stock has a 50-day moving average price of $35.46 and a 200-day moving average price of $33.45. Schwab U.S. Mid-Cap ETF has a 12-month low of $27.76 and a 12-month high of $36.90. The stock has a market capitalization of $14.59 billion, a P/E ratio of 18.83 and a beta of 1.03.

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.