Schwab U.S. Mid-Cap ETF $SCHM Shares Acquired by Rede Wealth LLC

Rede Wealth LLC grew its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 9.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,930 shares of the company’s stock after purchasing an additional 3,002 shares during the period. Rede Wealth LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,008,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Advisory Alpha LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 14.7% during the second quarter. Advisory Alpha LLC now owns 8,373,700 shares of the company’s stock worth $234,882,000 after acquiring an additional 1,072,948 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Schwab U.S. Mid-Cap ETF by 8.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock worth $214,880,000 after acquiring an additional 616,733 shares during the period. Cerity Partners LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 2.9% during the first quarter. Cerity Partners LLC now owns 6,908,231 shares of the company’s stock worth $180,996,000 after acquiring an additional 193,939 shares during the period. Jones Financial Companies Lllp grew its holdings in Schwab U.S. Mid-Cap ETF by 28.6% during the first quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock worth $43,409,000 after acquiring an additional 368,908 shares during the period. Finally, LPL Financial LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 1.1% during the first quarter. LPL Financial LLC now owns 1,648,859 shares of the company’s stock worth $43,200,000 after acquiring an additional 18,602 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $29.56 on Friday. The business’s fifty day moving average price is $29.70 and its 200 day moving average price is $28.29. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $30.31. The firm has a market capitalization of $12.09 billion, a PE ratio of 18.83 and a beta of 1.08.

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.