Schwab U.S. Mid-Cap ETF $SCHM Shares Sold by SouthState Bank Corp

SouthState Bank Corp reduced its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 73.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,030 shares of the company’s stock after selling 25,124 shares during the period. SouthState Bank Corp’s holdings in Schwab U.S. Mid-Cap ETF were worth $268,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Creative Planning increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.4% during the 2nd quarter. Creative Planning now owns 29,603,590 shares of the company’s stock worth $830,381,000 after buying an additional 684,597 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Schwab U.S. Mid-Cap ETF by 25.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock valued at $288,136,000 after acquiring an additional 2,070,689 shares during the last quarter. Advisory Alpha LLC grew its position in Schwab U.S. Mid-Cap ETF by 14.7% in the second quarter. Advisory Alpha LLC now owns 8,373,700 shares of the company’s stock worth $234,882,000 after acquiring an additional 1,072,948 shares during the period. Legacy Wealth Management Inc increased its stake in Schwab U.S. Mid-Cap ETF by 0.5% during the third quarter. Legacy Wealth Management Inc now owns 4,204,735 shares of the company’s stock worth $124,628,000 after acquiring an additional 22,803 shares during the last quarter. Finally, Fragasso Financial Advisors Inc raised its holdings in Schwab U.S. Mid-Cap ETF by 0.7% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 2,928,064 shares of the company’s stock valued at $87,959,000 after buying an additional 19,484 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $32.64 on Friday. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $32.69. The firm has a market cap of $13.37 billion, a PE ratio of 18.83 and a beta of 1.08. The company has a 50-day moving average of $31.09 and a two-hundred day moving average of $29.98.

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.