RKL Wealth Management LLC Lowers Position in Schwab U.S. Mid-Cap ETF $SCHM

RKL Wealth Management LLC lessened its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 8.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 761,764 shares of the company’s stock after selling 69,784 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises 1.9% of RKL Wealth Management LLC’s investment portfolio, making the stock its 12th largest position. RKL Wealth Management LLC owned about 0.19% of Schwab U.S. Mid-Cap ETF worth $22,579,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MAI Capital Management raised its stake in Schwab U.S. Mid-Cap ETF by 0.8% in the third quarter. MAI Capital Management now owns 538,272 shares of the company’s stock valued at $15,954,000 after purchasing an additional 4,456 shares in the last quarter. Thoroughbred Financial Services LLC lifted its position in Schwab U.S. Mid-Cap ETF by 1.5% in the 3rd quarter. Thoroughbred Financial Services LLC now owns 32,388 shares of the company’s stock worth $959,000 after buying an additional 489 shares during the last quarter. Wilkins Miller Wealth Management LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 5.9% in the third quarter. Wilkins Miller Wealth Management LLC now owns 34,325 shares of the company’s stock worth $1,017,000 after buying an additional 1,918 shares in the last quarter. Rice Partnership LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $690,000. Finally, Compound Planning Inc. boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 11.5% in the 3rd quarter. Compound Planning Inc. now owns 66,108 shares of the company’s stock valued at $1,959,000 after purchasing an additional 6,842 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $32.87 on Thursday. The firm has a market cap of $13.46 billion, a P/E ratio of 18.83 and a beta of 1.08. The firm’s fifty day moving average is $31.73 and its 200 day moving average is $30.35. Schwab U.S. Mid-Cap ETF has a 52 week low of $22.41 and a 52 week high of $33.18.

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.