Focus Financial Network Inc. Decreases Stake in Schwab U.S. Mid-Cap ETF $SCHM

Focus Financial Network Inc. reduced its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 4.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 465,129 shares of the company’s stock after selling 20,457 shares during the quarter. Focus Financial Network Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $17,149,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Valpey Financial Services LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 2,876.4% in the 4th quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock worth $140,495,000 after buying an additional 4,082,734 shares in the last quarter. 93 Financial Group LLC bought a new position in Schwab U.S. Mid-Cap ETF during the 4th quarter valued at about $48,614,000. Financial Solutions Advisory Group Inc. bought a new position in Schwab U.S. Mid-Cap ETF during the 1st quarter valued at about $39,615,000. Moneta Group Investment Advisors LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 6.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after acquiring an additional 648,134 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 97.8% during the 2nd quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock valued at $36,187,000 after acquiring an additional 637,571 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $36.09 on Monday. The company has a 50 day moving average price of $35.58 and a 200-day moving average price of $33.72. Schwab U.S. Mid-Cap ETF has a 52 week low of $28.19 and a 52 week high of $36.90. The firm has a market capitalization of $15.08 billion, a PE 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.