JMG Financial Group Ltd. reduced its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,079,700 shares of the company’s stock after selling 69,132 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up approximately 2.6% of JMG Financial Group Ltd.’s investment portfolio, making the stock its 11th biggest position. JMG Financial Group Ltd. owned approximately 0.73% of Schwab U.S. Mid-Cap ETF worth $95,348,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Godsey & Gibb Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the first quarter worth about $29,000. Evergreen Advisors LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 1st quarter valued at approximately $29,000. Kingdom Financial Group LLC. bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at approximately $31,000. Archer Investment Corp increased its holdings in Schwab U.S. Mid-Cap ETF by 266.9% in the 1st quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock worth $33,000 after acquiring an additional 782 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter worth approximately $36,000.
Schwab U.S. Mid-Cap ETF Trading Down 0.6%
NYSEARCA SCHM opened at $34.79 on Tuesday. Schwab U.S. Mid-Cap ETF has a 12 month low of $27.76 and a 12 month high of $36.90. The stock has a market cap of $14.50 billion, a price-to-earnings ratio of 18.83 and a beta of 1.03. The company’s 50 day moving average is $35.39 and its two-hundred day moving average is $33.33.
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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