ProVise Management Group LLC Sells 25,804 Shares of Schwab U.S. Mid-Cap ETF $SCHM

ProVise Management Group LLC lessened its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 6.5% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 371,421 shares of the company’s stock after selling 25,804 shares during the period. ProVise Management Group LLC owned approximately 0.09% of Schwab U.S. Mid-Cap ETF worth $11,009,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of SCHM. Fifth Third Bancorp bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth $30,000. Accredited Wealth Management LLC increased its stake in Schwab U.S. Mid-Cap ETF by 100.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after purchasing an additional 502 shares in the last quarter. Guerra Advisors Inc bought a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at $33,000. Geneos Wealth Management Inc. raised its holdings 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 during the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new position in Schwab U.S. Mid-Cap ETF during the third quarter worth $64,000.

Schwab U.S. Mid-Cap ETF Trading Down 2.2%

Schwab U.S. Mid-Cap ETF stock opened at $31.39 on Monday. The firm has a market capitalization of $12.85 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. The firm’s fifty day moving average price is $32.01 and its two-hundred day moving average price is $30.55. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $33.18.

Schwab U.S. Mid-Cap ETF 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.