D.B. Root & Company LLC Has $1.63 Million Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

D.B. Root & Company LLC reduced its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 13.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,091 shares of the company’s stock after selling 9,385 shares during the quarter. D.B. Root & Company LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,629,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SCHM. Atwood & Palmer Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth about $25,000. Creative Capital Management Investments LLC acquired a new position in Schwab U.S. Mid-Cap ETF during the second quarter valued at approximately $38,000. Roxbury Financial LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $39,000. Bulwark Capital Corp acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $58,000. Finally, Webster Bank N. A. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $60,000.

Schwab U.S. Mid-Cap ETF Trading Up 0.4%

NYSEARCA:SCHM opened at $30.04 on Monday. The stock has a market cap of $12.34 billion, a P/E ratio of 18.83 and a beta of 1.13. The stock has a 50 day simple moving average of $29.32 and a 200 day simple moving average of $27.69. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year 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.