Koshinski Asset Management Inc. Acquires 32,563 Shares of 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% in the fourth quarter, HoldingsChannel reports. The firm owned 743,412 shares of the company’s stock after purchasing an additional 32,563 shares during the period. Schwab U.S. Mid-Cap ETF makes up about 1.4% of Koshinski Asset Management Inc.’s investment portfolio, making the stock its 11th biggest holding. Koshinski Asset Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $22,354,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in SCHM. Caprock Group LLC bought a new position in Schwab U.S. Mid-Cap ETF during the third quarter worth $697,000. Arkadios Wealth Advisors acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter valued at about $727,000. Belpointe Asset Management LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 85.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 45,867 shares of the company’s stock worth $1,359,000 after purchasing an additional 21,177 shares in the last quarter. Dorato Capital Management acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at about $2,361,000. Finally, Cassilly Financial Group LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at about $1,154,000.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM opened at $34.32 on Friday. Schwab U.S. Mid-Cap ETF has a 52-week low of $26.21 and a 52-week high of $35.03. The business’s 50 day simple moving average is $32.30 and its two-hundred day simple moving average is $31.31. The firm has a market cap of $14.41 billion, a P/E ratio of 18.83 and a beta of 1.04.

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.