RKL Wealth Management LLC Cuts Stock Holdings in Schwab U.S. Mid-Cap ETF $SCHM

RKL Wealth Management LLC lowered its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 8.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 695,554 shares of the company’s stock after selling 65,446 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up about 1.9% of RKL Wealth Management LLC’s holdings, making the stock its 11th largest holding. RKL Wealth Management LLC owned 0.17% of Schwab U.S. Mid-Cap ETF worth $21,534,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SCHM. James Investment Research Inc. raised its stake in Schwab U.S. Mid-Cap ETF by 13.6% in the 1st quarter. James Investment Research Inc. now owns 27,885 shares of the company’s stock valued at $863,000 after purchasing an additional 3,344 shares during the last quarter. Essex LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 1.4% during the 1st quarter. Essex LLC now owns 666,173 shares of the company’s stock worth $20,625,000 after purchasing an additional 9,453 shares during the last quarter. Kagan Cocozza Asset Management acquired a new stake in Schwab U.S. Mid-Cap ETF during the 1st quarter worth $394,000. Inman Jager Wealth Management LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the first quarter worth $204,000. Finally, Fairway Wealth LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the first quarter worth $87,000.

Schwab U.S. Mid-Cap ETF Stock Down 1.4%

Shares of NYSEARCA SCHM opened at $36.36 on Thursday. The firm has a 50-day simple moving average of $35.01 and a 200-day simple moving average of $32.87. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of 18.83 and a beta of 1.03. Schwab U.S. Mid-Cap ETF has a 52 week low of $27.76 and a 52 week high of $36.90.

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.