Schwab U.S. Mid-Cap ETF $SCHM Position Boosted by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 710,849 shares of the company’s stock after purchasing an additional 19,405 shares during the period. Schwab U.S. Mid-Cap ETF accounts for about 1.5% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Koshinski Asset Management Inc. owned approximately 0.17% of Schwab U.S. Mid-Cap ETF worth $21,070,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in SCHM. Fifth Third Bancorp bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at approximately $30,000. Guerra Advisors Inc bought a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth approximately $33,000. Geneos Wealth Management Inc. lifted its holdings in Schwab U.S. Mid-Cap ETF by 54.1% during the second quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock valued at $41,000 after purchasing an additional 519 shares in the last quarter. Grey Fox Wealth Advisors LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth approximately $64,000. Finally, Eastern Bank bought a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth approximately $70,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $32.97 on Friday. The company has a market capitalization of $13.50 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a one year low of $22.41 and a one year high of $33.18. The company’s fifty day moving average price is $31.58 and its 200-day moving average price is $30.26.

About Schwab U.S. Mid-Cap ETF

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.