Brand Asset Management Group Inc. decreased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 1.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 281,267 shares of the company’s stock after selling 3,908 shares during the period. Schwab U.S. Mid-Cap ETF comprises approximately 3.1% of Brand Asset Management Group Inc.’s portfolio, making the stock its 11th biggest holding. Brand Asset Management Group Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $7,369,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in SCHM. Financial Management Professionals Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF during the first quarter valued at about $72,000. Contravisory Investment Management Inc. lifted its stake in Schwab U.S. Mid-Cap ETF by 40.3% during the first quarter. Contravisory Investment Management Inc. now owns 4,000 shares of the company’s stock valued at $105,000 after buying an additional 1,148 shares in the last quarter. Triangle Securities Wealth Management lifted its stake in Schwab U.S. Mid-Cap ETF by 1.2% during the first quarter. Triangle Securities Wealth Management now owns 511,700 shares of the company’s stock valued at $13,407,000 after buying an additional 5,908 shares in the last quarter. RFG Advisory LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 47.0% during the first quarter. RFG Advisory LLC now owns 32,043 shares of the company’s stock valued at $840,000 after buying an additional 10,251 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in Schwab U.S. Mid-Cap ETF during the first quarter valued at about $2,965,000.
Schwab U.S. Mid-Cap ETF Trading Up 1.1%
SCHM stock opened at $27.36 on Wednesday. Schwab U.S. Mid-Cap ETF has a one year low of $22.41 and a one year high of $30.28. The firm has a market capitalization of $11.34 billion, a PE ratio of 19.13 and a beta of 1.07. The firm has a 50-day moving average of $25.83 and a two-hundred day moving average of $27.43.
About Schwab U.S. Mid-Cap ETF
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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