Asset Management Group Inc. Has $14.80 Million Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Asset Management Group Inc. trimmed its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 190,137 shares of the company’s stock after selling 2,240 shares during the period. Schwab U.S. Mid-Cap ETF comprises about 2.8% of Asset Management Group Inc.’s holdings, making the stock its 9th largest position. Asset Management Group Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $14,798,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SCHM. Williams Financial LLC increased its position in Schwab U.S. Mid-Cap ETF by 6,285.7% in the second quarter. Williams Financial LLC now owns 320,369 shares of the company’s stock worth $25,145,000 after buying an additional 315,352 shares during the period. Cetera Investment Advisers grew its position in Schwab U.S. Mid-Cap ETF by 795.6% in the 1st quarter. Cetera Investment Advisers now owns 325,438 shares of the company’s stock worth $26,500,000 after purchasing an additional 289,099 shares during the last quarter. Tradewinds Capital Management LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the first quarter valued at approximately $17,337,000. Apollon Wealth Management LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,245.9% during the second quarter. Apollon Wealth Management LLC now owns 229,962 shares of the company’s stock valued at $17,898,000 after buying an additional 212,876 shares during the last quarter. Finally, Koshinski Asset Management Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 1,352.2% during the first quarter. Koshinski Asset Management Inc. now owns 203,092 shares of the company’s stock worth $16,538,000 after buying an additional 189,107 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM opened at $82.71 on Friday. Schwab U.S. Mid-Cap ETF has a 12 month low of $62.87 and a 12 month high of $83.31. The stock has a market cap of $11.86 billion, a P/E ratio of 16.47 and a beta of 1.09. The stock’s 50 day moving average price is $79.79 and its 200 day moving average price is $79.05.

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.