Jacobi Capital Management LLC Has $6.97 Million Stock Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Jacobi Capital Management LLC lessened its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 266,158 shares of the company’s stock after selling 15,458 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for approximately 0.5% of Jacobi Capital Management LLC’s investment portfolio, making the stock its 28th biggest position. Jacobi Capital Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $6,973,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Continuum Advisory LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 136.4% in the 4th quarter. Continuum Advisory LLC now owns 1,811 shares of the company’s stock valued at $50,000 after purchasing an additional 1,045 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at $50,000. Studio Investment Management LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Studio Investment Management LLC now owns 1,869 shares of the company’s stock valued at $52,000 after purchasing an additional 1,246 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 467.1% in the 1st quarter. Russell Investments Group Ltd. now owns 2,444 shares of the company’s stock valued at $64,000 after purchasing an additional 2,013 shares in the last quarter. Finally, Financial Management Professionals Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter valued at $72,000.

Schwab U.S. Mid-Cap ETF Stock Down 0.1%

NYSEARCA SCHM opened at $29.67 on Thursday. The company has a market cap of $12.22 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve month high of $30.28. The business’s fifty day moving average is $28.95 and its 200 day moving average is $27.34.

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.