Worth Asset Management LLC Takes Position in Schwab U.S. Mid-Cap ETF $SCHM

Worth Asset Management LLC purchased a new position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,849 shares of the company’s stock, valued at approximately $732,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Point Inc. increased its stake in Schwab U.S. Mid-Cap ETF by 0.7% in the second quarter. Trust Point Inc. now owns 247,145 shares of the company’s stock worth $9,112,000 after purchasing an additional 1,777 shares during the period. Palouse Capital Management Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 87.6% during the second quarter. Palouse Capital Management Inc. now owns 3,952 shares of the company’s stock worth $146,000 after purchasing an additional 1,845 shares during the last quarter. Meriwether Wealth & Planning LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 24.1% during the second quarter. Meriwether Wealth & Planning LLC now owns 11,012 shares of the company’s stock valued at $406,000 after purchasing an additional 2,140 shares during the period. Gainplan LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter valued at $249,000. Finally, Dynamic Advisor Solutions LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 5.2% in the second quarter. Dynamic Advisor Solutions LLC now owns 1,198,872 shares of the company’s stock worth $44,202,000 after purchasing an additional 59,632 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 1.3%

NYSEARCA SCHM opened at $36.09 on Friday. The stock has a market cap of $15.08 billion, a PE ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 12 month low of $28.19 and a 12 month high of $36.90. The company’s 50-day moving average price is $35.58 and its 200-day moving average price is $33.70.

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.