Cresset Asset Management LLC Buys 15,667 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Cresset Asset Management LLC grew its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 6.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 276,200 shares of the company’s stock after acquiring an additional 15,667 shares during the period. Cresset Asset Management LLC owned 0.07% of Schwab U.S. Mid-Cap ETF worth $7,236,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Schneider Downs Wealth Management Advisors LP grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 13.3% in the 1st quarter. Schneider Downs Wealth Management Advisors LP now owns 326,433 shares of the company’s stock valued at $8,553,000 after acquiring an additional 38,434 shares in the last quarter. Compass Advisory Group LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 5.8% in the 1st quarter. Compass Advisory Group LLC now owns 650,988 shares of the company’s stock valued at $17,056,000 after acquiring an additional 35,919 shares in the last quarter. Long Island Wealth Management Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 11.4% in the 1st quarter. Long Island Wealth Management Inc. now owns 102,292 shares of the company’s stock valued at $2,680,000 after acquiring an additional 10,506 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 54.1% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 35,524 shares of the company’s stock valued at $931,000 after acquiring an additional 12,468 shares in the last quarter. Finally, American Money Management LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 3.2% in the 1st quarter. American Money Management LLC now owns 253,881 shares of the company’s stock valued at $6,652,000 after acquiring an additional 7,969 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM opened at $28.89 on Monday. The stock has a market capitalization of $11.90 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13. The business has a 50-day moving average of $28.32 and a 200-day moving average of $27.24. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $22.41 and a fifty-two week high of $30.28.

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.