Modera Wealth Management LLC Sells 41,816 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Modera Wealth Management LLC trimmed its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 5.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 750,944 shares of the company’s stock after selling 41,816 shares during the period. Modera Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $22,258,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SCHM. Brighton Jones LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 200.4% during the 4th quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after acquiring an additional 15,538 shares during the period. Revolve Wealth Partners LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 194.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock worth $3,187,000 after purchasing an additional 75,941 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 5.1% in the first quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock valued at $4,042,000 after purchasing an additional 7,443 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 1.0% during the first quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock valued at $12,707,000 after buying an additional 4,886 shares during the last quarter. Finally, Perigon Wealth Management LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 16.7% during the second quarter. Perigon Wealth Management LLC now owns 136,828 shares of the company’s stock valued at $3,838,000 after buying an additional 19,592 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $32.07 on Friday. The company has a market cap of $13.12 billion, a P/E ratio of 18.83 and a beta of 1.08. The firm has a 50-day moving average of $30.55 and a 200-day moving average of $29.75. Schwab U.S. Mid-Cap ETF has a one year low of $22.41 and a one year high of $32.60.

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.