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

Koshinski Asset Management Inc. increased its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 759,197 shares of the company’s stock after buying an additional 15,785 shares during the period. Schwab U.S. Mid-Cap ETF comprises about 1.5% of Koshinski Asset Management Inc.’s holdings, making the stock its 10th biggest position. Koshinski Asset Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $23,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of SCHM. Godsey & Gibb Inc. bought a new stake in Schwab U.S. Mid-Cap ETF during the first quarter worth $29,000. Kingdom Financial Group LLC. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at $31,000. Ransom Advisory Ltd purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at $32,000. International Assets Investment Management LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter worth $36,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 54.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock worth $41,000 after purchasing an additional 519 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM opened at $35.97 on Friday. The company’s 50-day moving average is $35.10 and its 200 day moving average is $32.93. The company has a market capitalization of $14.96 billion, a P/E ratio of 18.83 and a beta of 1.03. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $27.76 and a fifty-two week high of $36.90.

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.