Lido Advisors LLC decreased its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 32.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 207,065 shares of the company’s stock after selling 97,674 shares during the period. 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 SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Godsey & Gibb Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the 1st quarter worth approximately $29,000. Evergreen Advisors LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter worth approximately $29,000. Kingdom Financial Group LLC. purchased a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $31,000. Archer Investment Corp lifted its stake in Schwab U.S. Mid-Cap ETF by 266.9% in the first quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock valued at $33,000 after purchasing an additional 782 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $36,000.
Schwab U.S. Mid-Cap ETF Trading Down 0.5%
Shares of NYSEARCA SCHM opened at $34.99 on Friday. The stock has a fifty day simple moving average of $35.46 and a two-hundred day simple moving average of $33.45. Schwab U.S. Mid-Cap ETF has a 1-year low of $27.76 and a 1-year high of $36.90. The firm has a market cap 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.
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