Schneider Downs Wealth Management Advisors LP Increases Position in Schwab U.S. Mid-Cap ETF $SCHM

Schneider Downs Wealth Management Advisors LP increased its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 36.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 446,089 shares of the company’s stock after purchasing an additional 119,656 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for 1.9% of Schneider Downs Wealth Management Advisors LP’s investment portfolio, making the stock its 13th largest position. Schneider Downs Wealth Management Advisors LP’s holdings in Schwab U.S. Mid-Cap ETF were worth $12,513,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Brighton Jones LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 34.4% during the 2nd quarter. Brighton Jones LLC now owns 30,694 shares of the company’s stock valued at $861,000 after acquiring an additional 7,853 shares in the last quarter. Shaker Investments LLC OH purchased a new position in Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at about $207,000. Focus Partners Advisor Solutions LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 2.6% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 34,022 shares of the company’s stock valued at $954,000 after acquiring an additional 850 shares in the last quarter. Carnegie Investment Counsel purchased a new position in Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at about $202,000. Finally, Prentice Wealth Management LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 2.5% during the 2nd quarter. Prentice Wealth Management LLC now owns 100,812 shares of the company’s stock valued at $2,828,000 after acquiring an additional 2,428 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.4%

NYSEARCA:SCHM opened at $30.03 on Friday. The firm has a 50-day moving average price of $29.63 and a two-hundred day moving average price of $28.11. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve month high of $30.28. The company has a market capitalization of $12.29 billion, a P/E ratio of 18.83 and a beta of 1.13.

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.