Summit Financial Strategies Inc. trimmed its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 11.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,131,341 shares of the company’s stock after selling 151,033 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises about 2.9% of Summit Financial Strategies Inc.’s holdings, making the stock its 12th biggest holding. Summit Financial Strategies Inc. owned 0.27% of Schwab U.S. Mid-Cap ETF worth $41,713,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Godsey & Gibb Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the first quarter worth approximately $29,000. Evergreen Advisors LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the first quarter valued at approximately $29,000. Compass Financial Management LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter valued at approximately $30,000. Kingdom Financial Group LLC. purchased a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter worth approximately $31,000. Finally, Archer Investment Corp raised its holdings in Schwab U.S. Mid-Cap ETF by 266.9% in the 1st quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock worth $33,000 after acquiring an additional 782 shares during the last quarter.
Schwab U.S. Mid-Cap ETF Price Performance
Schwab U.S. Mid-Cap ETF stock opened at $35.72 on Wednesday. Schwab U.S. Mid-Cap ETF has a one year low of $28.25 and a one year high of $36.92. The business’s fifty day moving average is $35.65 and its 200 day moving average is $34.29. The stock has a market capitalization of $14.92 billion, a PE ratio of 18.83 and a beta of 1.04.
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.
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