Summit Financial Strategies Inc. lowered its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 25.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 844,358 shares of the company’s stock after selling 286,983 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises about 2.0% of Summit Financial Strategies Inc.’s portfolio, making the stock its 15th largest position. Summit Financial Strategies Inc. owned about 0.20% of Schwab U.S. Mid-Cap ETF worth $28,725,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SCHM. 93 Financial Group LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $48,614,000. Financial Solutions Advisory Group Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the first quarter worth about $39,615,000. Bangor Savings Bank acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth about $16,086,000. Avior Wealth Management LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth about $13,366,000. Finally, Lincoln Capital Corp purchased a new stake in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $11,917,000.
Schwab U.S. Mid-Cap ETF Trading Down 1.2%
Shares of NYSEARCA:SCHM opened at $34.07 on Thursday. Schwab U.S. Mid-Cap ETF has a twelve month low of $28.25 and a twelve month high of $36.92. The company’s 50 day moving average is $35.26 and its 200 day moving average is $34.80. The company has a market cap of $14.38 billion, a PE ratio of 18.83 and a beta of 1.05.
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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