Princeton Global Asset Management LLC Has $240,000 Stock Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Princeton Global Asset Management LLC trimmed its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 77.4% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 7,756 shares of the company’s stock after selling 26,580 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $240,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Godsey & Gibb Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF in the first quarter valued at approximately $29,000. Kingdom Financial Group LLC. bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter valued at approximately $31,000. Ransom Advisory Ltd acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth approximately $32,000. International Assets Investment Management LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth approximately $36,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 54.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock worth $41,000 after purchasing an additional 519 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.7%

NYSEARCA SCHM opened at $36.45 on Tuesday. The company has a fifty day simple moving average of $34.90 and a 200 day simple moving average of $32.78. Schwab U.S. Mid-Cap ETF has a 12-month low of $27.76 and a 12-month high of $36.66. The company has a market cap of $15.31 billion, a P/E ratio of 18.83 and a beta of 1.04.

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.