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

D.B. Root & Company LLC cut its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 13.9% in the 2nd quarter, Holdings Channel.com reports. The fund 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 hedge funds and other institutional investors have also recently added to or reduced their stakes in SCHM. Advisory Alpha LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 27.7% in the 1st quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock valued at $191,211,000 after purchasing an additional 1,581,924 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Schwab U.S. Mid-Cap ETF during the 2nd quarter worth about $40,844,000. Dynamic Advisor Solutions LLC acquired a new position in Schwab U.S. Mid-Cap ETF during the 1st quarter worth about $24,197,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Schwab U.S. Mid-Cap ETF by 8.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock worth $214,880,000 after buying an additional 616,733 shares during the period. Finally, Jones Financial Companies Lllp lifted its holdings in Schwab U.S. Mid-Cap ETF by 28.6% during the 1st quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock worth $43,409,000 after buying an additional 368,908 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA:SCHM opened at $30.04 on Monday. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13. The business’s 50-day moving average is $29.32 and its 200-day moving average is $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.