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

Gemmer Asset Management LLC lowered its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 9.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 1,408,203 shares of the company’s stock after selling 146,543 shares during the period. Schwab U.S. Mid-Cap ETF comprises about 3.5% of Gemmer Asset Management LLC’s investment portfolio, making the stock its 8th biggest position. Gemmer Asset Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $39,500,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 8.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock worth $214,880,000 after purchasing an additional 616,733 shares during the period. Advisory Alpha LLC grew its position in Schwab U.S. Mid-Cap ETF by 27.7% in the first quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock worth $191,211,000 after acquiring an additional 1,581,924 shares in the last quarter. Cerity Partners LLC grew its position in Schwab U.S. Mid-Cap ETF by 2.9% in the first quarter. Cerity Partners LLC now owns 6,908,231 shares of the company’s stock worth $180,996,000 after acquiring an additional 193,939 shares in the last quarter. Legacy Wealth Management Inc grew its position in Schwab U.S. Mid-Cap ETF by 0.6% in the first quarter. Legacy Wealth Management Inc now owns 4,203,019 shares of the company’s stock worth $110,119,000 after acquiring an additional 23,009 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in Schwab U.S. Mid-Cap ETF by 28.6% in the first quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock worth $43,409,000 after acquiring an additional 368,908 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM opened at $30.04 on Friday. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $30.28. The firm has a fifty day moving average of $29.32 and a 200 day moving average of $27.68. The firm has a market capitalization of $12.34 billion, a PE ratio of 18.83 and a beta of 1.13.

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.