Moneywise Inc. cut its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 8.8% in the third quarter, Holdings Channel.com reports. The fund owned 167,897 shares of the company’s stock after selling 16,159 shares during the period. Schwab U.S. Mid-Cap ETF makes up approximately 5.4% of Moneywise Inc.’s investment portfolio, making the stock its 5th biggest position. Moneywise Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $5,712,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in SCHM. GRIMES & Co WEALTH MANAGEMENT LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth approximately $674,000. TSG Advice Partners LLC acquired a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $447,000. Strategic Family Wealth Counselors L.L.C. raised its position in Schwab U.S. Mid-Cap ETF by 0.5% in the third quarter. Strategic Family Wealth Counselors L.L.C. now owns 348,883 shares of the company’s stock valued at $11,869,000 after purchasing an additional 1,851 shares during the period. Trek Financial LLC purchased a new stake in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $208,000. Finally, True Freedom Investing LLC raised its position in Schwab U.S. Mid-Cap ETF by 61.7% in the third quarter. True Freedom Investing LLC now owns 15,930 shares of the company’s stock valued at $542,000 after purchasing an additional 6,081 shares during the period.
Schwab U.S. Mid-Cap ETF Stock Up 0.2%
NYSEARCA:SCHM opened at $35.19 on Wednesday. The stock’s fifty day moving average is $34.87 and its two-hundred day moving average is $34.12. Schwab U.S. Mid-Cap ETF has a 52 week low of $28.25 and a 52 week high of $36.92. The stock has a market capitalization of $14.93 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05.
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.
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