Summit Financial Strategies Inc. Sells 286,160 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Summit Financial Strategies Inc. reduced its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 18.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,282,374 shares of the company’s stock after selling 286,160 shares during the period. Schwab U.S. Mid-Cap ETF comprises 3.1% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 12th largest position. Summit Financial Strategies Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $39,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 41.7% during the 4th quarter. Farther Finance Advisors LLC now owns 538,826 shares of the company’s stock valued at $16,202,000 after buying an additional 158,469 shares during the last quarter. Fragasso Financial Advisors Inc grew its holdings in Schwab U.S. Mid-Cap ETF by 1.8% in the 4th quarter. Fragasso Financial Advisors Inc now owns 2,980,496 shares of the company’s stock worth $89,624,000 after acquiring an additional 52,432 shares during the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 10.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 951,922 shares of the company’s stock valued at $30,528,000 after acquiring an additional 93,144 shares during the period. Dorato Capital Management bought a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter valued at about $2,361,000. Finally, Blue Square Asset Management LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 28.0% during the fourth quarter. Blue Square Asset Management LLC now owns 305,958 shares of the company’s stock valued at $9,200,000 after acquiring an additional 66,876 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA SCHM traded down $0.01 during trading hours on Friday, hitting $35.81. The company’s stock had a trading volume of 764,686 shares, compared to its average volume of 1,317,916. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of 18.83 and a beta of 1.03. Schwab U.S. Mid-Cap ETF has a 12 month low of $27.76 and a 12 month high of $36.90. The business has a 50-day simple moving average of $35.31 and a 200-day simple moving average of $33.12.

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.