Von Berge Wealth Management Group LLC Raises Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Von Berge Wealth Management Group LLC raised its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 0.3% in the second quarter, HoldingsChannel reports. The institutional investor owned 116,818 shares of the company’s stock after buying an additional 395 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up approximately 1.9% of Von Berge Wealth Management Group LLC’s portfolio, making the stock its 16th biggest holding. Von Berge Wealth Management Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,376,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new position in Schwab U.S. Mid-Cap ETF in the second quarter valued at about $25,000. Creative Capital Management Investments LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the second quarter valued at about $38,000. Roxbury Financial LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the second quarter valued at about $39,000. Bulwark Capital Corp purchased a new position in Schwab U.S. Mid-Cap ETF in the second quarter valued at about $58,000. Finally, Webster Bank N. A. purchased a new position in Schwab U.S. Mid-Cap ETF in the second quarter valued at about $60,000.

Schwab U.S. Mid-Cap ETF Trading Down 2.7%

Shares of Schwab U.S. Mid-Cap ETF stock opened at $28.90 on Friday. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month high of $30.28. The stock has a market cap of $11.88 billion, a PE ratio of 18.83 and a beta of 1.13. The company has a 50-day moving average of $29.42 and a two-hundred day moving average of $27.78.

Schwab U.S. Mid-Cap ETF 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.