Avidian Wealth Solutions LLC Reduces Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Avidian Wealth Solutions LLC reduced its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 24.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,359 shares of the company’s stock after selling 1,410 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Cerity Partners LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,509.2% in the fourth quarter. Cerity Partners LLC now owns 18,943,319 shares of the company’s stock worth $1,426,811,000 after acquiring an additional 17,766,110 shares during the period. Financial Engines Advisors L.L.C. grew its holdings in Schwab U.S. Mid-Cap ETF by 9.1% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 20,492,571 shares of the company’s stock valued at $1,386,937,000 after buying an additional 1,714,519 shares in the last quarter. Advocacy Wealth Management Services LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter valued at about $26,898,000. Trust Point Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth about $16,609,000. Finally, Lido Advisors LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 144.8% in the third quarter. Lido Advisors LLC now owns 331,156 shares of the company’s stock valued at $22,413,000 after acquiring an additional 195,868 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Up 1.4 %

Schwab U.S. Mid-Cap ETF stock opened at $79.09 on Tuesday. The firm’s 50 day simple moving average is $78.63 and its 200 day simple moving average is $74.24. Schwab U.S. Mid-Cap ETF has a 1-year low of $62.87 and a 1-year high of $81.74. The firm has a market capitalization of $11.34 billion, a PE ratio of 16.47 and a beta of 1.09.

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.