Altus Wealth Group LLC Reduces Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Altus Wealth Group LLC lessened its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 21.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,648 shares of the company’s stock after selling 14,018 shares during the period. Schwab U.S. Mid-Cap ETF comprises approximately 2.0% of Altus Wealth Group LLC’s holdings, making the stock its 12th largest holding. Altus Wealth Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $4,020,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHM. Williams Financial LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 6,285.7% in the 2nd quarter. Williams Financial LLC now owns 320,369 shares of the company’s stock worth $25,145,000 after acquiring an additional 315,352 shares in the last quarter. Cetera Investment Advisers grew its holdings in Schwab U.S. Mid-Cap ETF by 795.6% during the 1st quarter. Cetera Investment Advisers now owns 325,438 shares of the company’s stock valued at $26,500,000 after buying an additional 289,099 shares in the last quarter. Tradewinds Capital Management LLC bought a new stake in Schwab U.S. Mid-Cap ETF in the 1st quarter valued at $17,337,000. Apollon Wealth Management LLC increased its stake in Schwab U.S. Mid-Cap ETF by 1,245.9% in the 2nd quarter. Apollon Wealth Management LLC now owns 229,962 shares of the company’s stock worth $17,898,000 after acquiring an additional 212,876 shares during the last quarter. Finally, Simplicity Wealth LLC lifted its position in Schwab U.S. Mid-Cap ETF by 4,467.7% during the first quarter. Simplicity Wealth LLC now owns 205,317 shares of the company’s stock valued at $16,719,000 after purchasing an additional 200,822 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $79.04 on Friday. Schwab U.S. Mid-Cap ETF has a one year low of $62.87 and a one year high of $82.28. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The stock has a 50 day moving average price of $79.22 and a 200-day moving average price of $78.81.

Schwab U.S. Mid-Cap ETF Company 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.