Johnson Investment Counsel Inc. Increases Position in Schwab U.S. Mid-Cap ETF $SCHM

Johnson Investment Counsel Inc. grew its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 611,333 shares of the company’s stock after buying an additional 16,868 shares during the period. Johnson Investment Counsel Inc. owned 0.15% of Schwab U.S. Mid-Cap ETF worth $17,148,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atwood & Palmer Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at about $25,000. Creative Capital Management Investments LLC purchased a new position in Schwab U.S. Mid-Cap ETF during the second quarter worth about $38,000. Roxbury Financial LLC purchased a new position in Schwab U.S. Mid-Cap ETF during the second quarter worth about $39,000. Bulwark Capital Corp purchased a new position in Schwab U.S. Mid-Cap ETF during the second quarter worth about $58,000. Finally, Webster Bank N. A. purchased a new position in Schwab U.S. Mid-Cap ETF during the second quarter worth about $60,000.

Schwab U.S. Mid-Cap ETF Stock Down 2.7%

NYSEARCA SCHM opened at $28.90 on Friday. The stock has a market capitalization of $11.88 billion, a P/E 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. The firm has a 50-day moving average price of $29.42 and a 200 day moving average price of $27.78.

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.