Asset Management Group Inc. Has $14.57 Million Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Asset Management Group Inc. lowered its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,210 shares of the company’s stock after selling 4,170 shares during the period. Schwab U.S. Mid-Cap ETF accounts for 2.7% of Asset Management Group Inc.’s holdings, making the stock its 12th largest holding. Asset Management Group Inc. owned approximately 0.13% of Schwab U.S. Mid-Cap ETF worth $14,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.4% during the fourth quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after purchasing an additional 15,538 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 194.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock worth $3,187,000 after purchasing an additional 75,941 shares during the period. Bank of Montreal Can lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 255.6% during the fourth quarter. Bank of Montreal Can now owns 13,779 shares of the company’s stock worth $382,000 after purchasing an additional 9,904 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth $1,832,000. Finally, Commerce Bank lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 201.8% during the fourth quarter. Commerce Bank now owns 34,356 shares of the company’s stock worth $952,000 after purchasing an additional 22,973 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM opened at $28.94 on Wednesday. The firm has a market cap of $11.92 billion, a PE ratio of 18.83 and a beta of 1.13. The firm’s fifty day moving average is $28.37 and its 200-day moving average is $27.25. Schwab U.S. Mid-Cap ETF has a 52 week low of $22.41 and a 52 week high of $30.28.

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.