Retirement Planning Group LLC Trims Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Retirement Planning Group LLC cut its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 3.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,271 shares of the company’s stock after selling 923 shares during the period. Retirement Planning Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $765,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at approximately $25,000. Creative Capital Management Investments LLC purchased a new stake in Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at approximately $38,000. Roxbury Financial LLC purchased a new stake in Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at approximately $39,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at approximately $42,000. Finally, Bulwark Capital Corp purchased a new stake in Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at approximately $58,000.

Schwab U.S. Mid-Cap ETF Stock Down 1.2%

SCHM opened at $29.57 on Thursday. The business has a 50 day moving average price of $29.59 and a two-hundred day moving average price of $27.98. The company has a market cap of $12.10 billion, a PE ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a 52 week low of $22.41 and a 52 week high of $30.28.

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.