Lido Advisors LLC Sells 97,674 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Lido Advisors LLC decreased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 32.1% during the first quarter, HoldingsChannel reports. The fund owned 207,065 shares of the company’s stock after selling 97,674 shares during the quarter. Lido Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $6,411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Valpey Financial Services LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 2,876.4% in the fourth quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock worth $140,495,000 after acquiring an additional 4,082,734 shares during the period. 93 Financial Group LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $48,614,000. Financial Planning Navigators CORP bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at $22,267,000. Moneta Group Investment Advisors LLC raised its stake in shares of 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 purchasing an additional 648,134 shares during the period. Finally, Corient Private Wealth LLC raised its stake 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 purchasing an additional 637,571 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM opened at $34.99 on Friday. Schwab U.S. Mid-Cap ETF has a 52-week low of $27.76 and a 52-week high of $36.90. The stock’s 50-day simple moving average is $35.46 and its 200 day simple moving average is $33.45. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 18.83 and a beta of 1.03.

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.