Asset Management Group Inc. Reduces Position in Schwab U.S. Mid-Cap ETF $SCHM

Asset Management Group Inc. trimmed its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 507,857 shares of the company’s stock after selling 17,909 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for approximately 2.5% of Asset Management Group Inc.’s holdings, making the stock its 12th biggest holding. Asset Management Group Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $15,723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHM. American Financial Advisors LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 2.6% during the first quarter. American Financial Advisors LLC now owns 11,364 shares of the company’s stock valued at $352,000 after acquiring an additional 291 shares during the last quarter. SouthState Bank Corp grew its stake in shares of Schwab U.S. Mid-Cap ETF by 4.8% in the first quarter. SouthState Bank Corp now owns 6,900 shares of the company’s stock worth $214,000 after purchasing an additional 318 shares during the last quarter. Human Investing LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 4.6% during the 1st quarter. Human Investing LLC now owns 7,216 shares of the company’s stock valued at $223,000 after purchasing an additional 320 shares during the period. Kiley Juergens Wealth Management LLC raised its position in Schwab U.S. Mid-Cap ETF by 2.8% during the 4th quarter. Kiley Juergens Wealth Management LLC now owns 11,734 shares of the company’s stock valued at $353,000 after purchasing an additional 323 shares during the last quarter. Finally, MOR Wealth Management LLC raised its position in Schwab U.S. Mid-Cap ETF by 4.7% during the 1st quarter. MOR Wealth Management LLC now owns 7,857 shares of the company’s stock valued at $243,000 after purchasing an additional 351 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM opened at $34.99 on Friday. The stock has a market capitalization of $14.59 billion, a PE ratio of 18.83 and a beta of 1.03. The stock’s 50 day moving average price is $35.46 and its 200-day moving average price is $33.45. Schwab U.S. Mid-Cap ETF has a 52-week low of $27.76 and a 52-week high of $36.90.

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.