Gemmer Asset Management LLC Trims Stock Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Gemmer Asset Management LLC cut its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 29.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 993,325 shares of the company’s stock after selling 414,878 shares during the period. Schwab U.S. Mid-Cap ETF accounts for about 2.4% of Gemmer Asset Management LLC’s holdings, making the stock its 12th biggest position. Gemmer Asset Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $29,442,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Atwood & Palmer Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at $25,000. Creative Capital Management Investments LLC acquired a new position in Schwab U.S. Mid-Cap ETF in the second quarter valued at $38,000. Roxbury Financial LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at about $39,000. Geneos Wealth Management Inc. boosted its stake in shares of 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 worth $41,000 after buying an additional 519 shares during the period. Finally, Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth about $42,000.

Schwab U.S. Mid-Cap ETF Stock Up 0.2%

NYSEARCA SCHM opened at $30.68 on Thursday. The firm has a market cap of $12.47 billion, a P/E ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $30.91. The business’s 50-day moving average price is $29.78 and its 200 day moving average price is $29.22.

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.