Asset Management Group Inc. Sells 19,737 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Asset Management Group Inc. reduced its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 3.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 525,766 shares of the company’s stock after selling 19,737 shares during the period. Schwab U.S. Mid-Cap ETF comprises 2.6% of Asset Management Group Inc.’s investment portfolio, making the stock its 11th biggest position. Asset Management Group Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $15,810,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in Schwab U.S. Mid-Cap ETF by 4.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock worth $328,744,000 after buying an additional 459,489 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 6.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock worth $320,830,000 after buying an additional 648,134 shares during the period. Advisory Alpha LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 6.8% in the 3rd quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock worth $267,436,000 after buying an additional 568,609 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,748,603 shares of the company’s stock worth $180,506,000 after buying an additional 15,350 shares during the period. Finally, Legacy Wealth Management Inc boosted its holdings in Schwab U.S. Mid-Cap ETF by 2.7% in the 4th quarter. Legacy Wealth Management Inc now owns 4,319,152 shares of the company’s stock worth $129,877,000 after buying an additional 114,417 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 0.8%

SCHM opened at $36.02 on Wednesday. The company has a 50 day moving average of $34.25 and a 200 day moving average of $32.40. The company has a market cap of $15.13 billion, a PE ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 12 month low of $27.10 and a 12 month high of $36.65.

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.