Schwab U.S. Mid-Cap ETF $SCHM is Summit Financial Strategies Inc.’s 9th Largest Position

Summit Financial Strategies Inc. trimmed its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 5.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,723,095 shares of the company’s stock after selling 90,220 shares during the period. Schwab U.S. Mid-Cap ETF accounts for approximately 4.4% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 9th biggest holding. Summit Financial Strategies Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $51,073,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Schwab U.S. Mid-Cap ETF by 25.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock valued at $288,136,000 after acquiring an additional 2,070,689 shares during the period. Advisory Alpha LLC raised its position in Schwab U.S. Mid-Cap ETF by 27.7% during the first quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock valued at $191,211,000 after acquiring an additional 1,581,924 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter worth approximately $40,844,000. Creative Planning grew its position in Schwab U.S. Mid-Cap ETF by 2.4% during the second quarter. Creative Planning now owns 29,603,590 shares of the company’s stock valued at $830,381,000 after buying an additional 684,597 shares during the period. Finally, Corient Private Wealth LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 97.8% during the 2nd quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock worth $36,187,000 after acquiring an additional 637,571 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Schwab U.S. Mid-Cap ETF stock opened at $30.48 on Monday. The business has a 50 day simple moving average of $29.87 and a 200-day simple moving average of $29.38. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $30.91. The stock has a market capitalization of $12.48 billion, a PE ratio of 18.83 and a beta of 1.08.

Schwab U.S. Mid-Cap ETF Company 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.