Schwab U.S. Mid-Cap ETF $SCHM Shares Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. boosted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 3.4% in the second quarter, Holdings Channel reports. The firm owned 691,444 shares of the company’s stock after purchasing an additional 22,720 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 1.5% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 10th largest position. Koshinski Asset Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $19,395,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHM. Brighton Jones LLC raised its stake in Schwab U.S. Mid-Cap ETF by 200.4% in the fourth quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock valued at $645,000 after purchasing an additional 15,538 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Schwab U.S. Mid-Cap ETF by 194.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $3,187,000 after purchasing an additional 75,941 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in Schwab U.S. Mid-Cap ETF by 2.5% in the first quarter. Cornerstone Wealth Management LLC now owns 35,132 shares of the company’s stock valued at $920,000 after purchasing an additional 867 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. raised its stake in Schwab U.S. Mid-Cap ETF by 52.1% in the first quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 233,015 shares of the company’s stock valued at $6,105,000 after purchasing an additional 79,809 shares in the last quarter. Finally, Sage Financial Group Inc. raised its stake in Schwab U.S. Mid-Cap ETF by 16.4% in the first quarter. Sage Financial Group Inc. now owns 968,327 shares of the company’s stock valued at $25,370,000 after purchasing an additional 136,527 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 0.1%

SCHM stock opened at $29.49 on Friday. The company has a market cap of $12.11 billion, a PE ratio of 18.83 and a beta of 1.13. The business has a 50-day simple moving average of $29.53 and a 200 day simple moving average of $27.88. Schwab U.S. Mid-Cap ETF has a 52 week low of $22.41 and a 52 week high of $30.28.

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.