Reston Wealth Management LLC increased its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 8.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 182,999 shares of the company’s stock after purchasing an additional 15,020 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 1.8% of Reston Wealth Management LLC’s holdings, making the stock its 10th largest holding. Reston Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $5,133,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the business. Atwood & Palmer Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter worth approximately $25,000. Creative Capital Management Investments LLC acquired a new position in Schwab U.S. Mid-Cap ETF during the second quarter worth $38,000. Roxbury Financial LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter worth about $39,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter worth about $42,000. Finally, Bulwark Capital Corp purchased a new position in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $58,000.
Schwab U.S. Mid-Cap ETF Trading Down 1.1%
NYSEARCA:SCHM opened at $29.08 on Friday. The stock has a 50 day moving average of $29.69 and a two-hundred day moving average of $28.42. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $30.31. The firm has a market cap of $11.82 billion, a P/E ratio of 18.83 and a beta of 1.08.
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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