Cwm LLC Has $5.85 Million Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Cwm LLC lowered its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 16.6% during the second quarter, HoldingsChannel reports. The fund owned 208,455 shares of the company’s stock after selling 41,518 shares during the quarter. Cwm LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $5,847,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Advisory Alpha LLC raised its stake in Schwab U.S. Mid-Cap ETF by 27.7% during the 1st quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock worth $191,211,000 after buying an additional 1,581,924 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $40,844,000. Northwestern Mutual Wealth Management Co. grew its holdings in Schwab U.S. Mid-Cap ETF by 8.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock valued at $214,880,000 after purchasing an additional 616,733 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 28.6% in the first quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock worth $43,409,000 after acquiring an additional 368,908 shares during the period. Finally, Focus Partners Wealth boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 78.9% in the first quarter. Focus Partners Wealth now owns 640,723 shares of the company’s stock worth $16,787,000 after acquiring an additional 282,489 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock opened at $29.80 on Thursday. The business’s fifty day moving average is $29.49 and its 200 day moving average is $27.84. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $30.28. The company has a market capitalization of $12.24 billion, a PE ratio of 18.83 and a beta of 1.13.

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.