RKL Wealth Management LLC lessened its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 8.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the 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 comprises about 1.9% of RKL Wealth Management LLC’s holdings, making the stock its 11th largest holding. RKL Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $21,534,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Godsey & Gibb Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter worth $29,000. Kingdom Financial Group LLC. acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at about $31,000. Ransom Advisory Ltd purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $32,000. International Assets Investment Management LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $36,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 54.1% in the second quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock valued at $41,000 after purchasing an additional 519 shares during the period.
Schwab U.S. Mid-Cap ETF Price Performance
Shares of NYSEARCA SCHM opened at $36.36 on Thursday. The company has a 50 day simple moving average of $35.01 and a 200-day simple moving average of $32.87. The company has a market capitalization of $15.11 billion, a P/E ratio of 18.83 and a beta of 1.03. Schwab U.S. Mid-Cap ETF has a 1 year low of $27.76 and a 1 year high of $36.90.
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.
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