Chesapeake Wealth Management Lowers Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Chesapeake Wealth Management reduced its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.4% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 22,061 shares of the company’s stock after selling 319 shares during the period. Chesapeake Wealth Management’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,717,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SCHM. Williams Financial LLC increased its stake in Schwab U.S. Mid-Cap ETF by 6,285.7% during the 2nd 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 increased its position in shares of Schwab U.S. Mid-Cap ETF by 795.6% during the first quarter. Cetera Investment Advisers now owns 325,438 shares of the company’s stock worth $26,500,000 after acquiring an additional 289,099 shares during the period. Tradewinds Capital Management LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the first quarter valued at $17,337,000. Apollon Wealth Management LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 1,245.9% in the second quarter. Apollon Wealth Management LLC now owns 229,962 shares of the company’s stock valued at $17,898,000 after acquiring an additional 212,876 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 1,352.2% in the first quarter. Koshinski Asset Management Inc. now owns 203,092 shares of the company’s stock valued at $16,538,000 after purchasing an additional 189,107 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM opened at $82.71 on Friday. The business has a fifty day moving average price of $79.79 and a 200 day moving average price of $79.05. 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 capitalization of $11.86 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

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.