Summit Financial Strategies Inc. Cuts Stock Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Summit Financial Strategies Inc. lessened its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,723,095 shares of the company’s stock after selling 90,220 shares during the period. Schwab U.S. Mid-Cap ETF accounts for about 4.4% of Summit Financial Strategies Inc.’s portfolio, making the stock its 9th largest position. Summit Financial Strategies Inc. owned 0.42% of Schwab U.S. Mid-Cap ETF worth $51,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in SCHM. Denver PWM LLC boosted its position in Schwab U.S. Mid-Cap ETF by 4.9% during the second quarter. Denver PWM LLC now owns 650,802 shares of the company’s stock valued at $18,255,000 after purchasing an additional 30,453 shares in the last quarter. Diversified Trust Co purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter valued at about $265,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $478,000. Signature Estate & Investment Advisors LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 2.1% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 61,525 shares of the company’s stock worth $1,726,000 after buying an additional 1,292 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 97,709.5% during the 2nd quarter. Franklin Resources Inc. now owns 102,700 shares of the company’s stock worth $2,881,000 after acquiring an additional 102,595 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Up 1.4%

Shares of SCHM opened at $30.48 on Monday. The company has a market cap of $12.48 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve month high of $30.91. The company has a 50 day moving average of $29.87 and a two-hundred day moving average of $29.38.

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.