Koshinski Asset Management Inc. Has $22.35 Million Position in Schwab U.S. Mid-Cap ETF $SCHM

Koshinski Asset Management Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 4.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 743,412 shares of the company’s stock after acquiring an additional 32,563 shares during the period. Schwab U.S. Mid-Cap ETF accounts for 1.4% of Koshinski Asset Management Inc.’s holdings, making the stock its 11th biggest position. Koshinski Asset Management Inc. owned about 0.18% of Schwab U.S. Mid-Cap ETF worth $22,354,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SCHM. HighTower Advisors LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 1.9% in the third quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock valued at $319,596,000 after purchasing an additional 198,793 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,473,140 shares of the company’s stock worth $310,424,000 after buying an additional 200,917 shares during the period. Moneta Group Investment Advisors LLC grew its stake in Schwab U.S. Mid-Cap ETF by 5.9% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 10,021,294 shares of the company’s stock valued at $297,031,000 after buying an additional 555,701 shares during the last quarter. Advisory Alpha LLC grew its stake in Schwab U.S. Mid-Cap ETF by 6.8% in the 3rd quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after buying an additional 568,609 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,748,603 shares of the company’s stock valued at $180,506,000 after acquiring an additional 15,350 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Down 1.9%

Shares of NYSEARCA:SCHM opened at $34.32 on Friday. The stock has a market cap of $14.41 billion, a PE ratio of 18.83 and a beta of 1.04. The business has a 50 day moving average of $32.30 and a 200-day moving average of $31.31. Schwab U.S. Mid-Cap ETF has a 12-month low of $26.21 and a 12-month high of $35.03.

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.