Mid American Wealth Advisory Group Inc. Takes Position in Schwab U.S. Mid-Cap ETF $SCHM

Mid American Wealth Advisory Group Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,500 shares of the company’s stock, valued at approximately $42,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHM. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 8.1% during 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 last quarter. Advisory Alpha LLC lifted its position in Schwab U.S. Mid-Cap ETF by 27.7% during the first quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock worth $191,211,000 after buying an additional 1,581,924 shares during the period. Cerity Partners LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 2.9% in the 1st quarter. Cerity Partners LLC now owns 6,908,231 shares of the company’s stock worth $180,996,000 after buying an additional 193,939 shares during the last quarter. Legacy Wealth Management Inc grew its holdings in Schwab U.S. Mid-Cap ETF by 0.6% in the 1st quarter. Legacy Wealth Management Inc now owns 4,203,019 shares of the company’s stock valued at $110,119,000 after buying an additional 23,009 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in shares of Schwab U.S. Mid-Cap ETF by 28.6% during the 1st quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock valued at $43,409,000 after acquiring an additional 368,908 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $29.82 on Tuesday. The firm’s 50-day simple moving average is $29.56 and its 200-day simple moving average is $27.96. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $30.28. The firm has a market cap of $12.24 billion, a P/E ratio of 18.83 and a beta of 1.13.

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.