JMG Financial Group Ltd. Decreases Stock Holdings in Schwab U.S. Mid-Cap ETF $SCHM

JMG Financial Group Ltd. lowered its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,079,700 shares of the company’s stock after selling 69,132 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 2.6% of JMG Financial Group Ltd.’s portfolio, making the stock its 11th largest position. JMG Financial Group Ltd.’s holdings in Schwab U.S. Mid-Cap ETF were worth $95,348,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Godsey & Gibb Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter worth about $29,000. Evergreen Advisors LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the 1st quarter valued at about $29,000. Kingdom Financial Group LLC. purchased a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter worth about $31,000. Archer Investment Corp grew its position in Schwab U.S. Mid-Cap ETF by 266.9% in the first quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock worth $33,000 after acquiring an additional 782 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter worth about $36,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $34.79 on Tuesday. Schwab U.S. Mid-Cap ETF has a 1 year low of $27.76 and a 1 year high of $36.90. The stock’s 50 day simple moving average is $35.39 and its two-hundred day simple moving average is $33.33. The company has a market cap of $14.50 billion, a PE ratio of 18.83 and a beta of 1.03.

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.