Summit Financial Strategies Inc. Sells 286,160 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Summit Financial Strategies Inc. cut its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 18.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,282,374 shares of the company’s stock after selling 286,160 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises 3.1% of Summit Financial Strategies Inc.’s investment portfolio, making the stock its 12th biggest position. Summit Financial Strategies Inc. owned about 0.31% of Schwab U.S. Mid-Cap ETF worth $39,702,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Godsey & Gibb Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the first quarter worth $29,000. Kingdom Financial Group LLC. bought a new stake in Schwab U.S. Mid-Cap ETF during the fourth quarter valued at $31,000. Ransom Advisory Ltd bought a new stake in Schwab U.S. Mid-Cap ETF during the fourth quarter valued at $32,000. International Assets Investment Management LLC purchased a new position in Schwab U.S. Mid-Cap ETF during the fourth quarter worth about $36,000. Finally, Geneos Wealth Management Inc. grew its position in Schwab U.S. Mid-Cap ETF by 54.1% during the second quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock worth $41,000 after buying an additional 519 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA SCHM traded down $0.01 during trading on Friday, reaching $35.81. The company’s stock had a trading volume of 764,686 shares, compared to its average volume of 1,317,916. The firm has a fifty day moving average of $35.31 and a 200 day moving average of $33.12. Schwab U.S. Mid-Cap ETF has a one year low of $27.76 and a one year high of $36.90. The stock has a market capitalization of $14.90 billion, a PE ratio of 18.83 and a beta of 1.03.

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.