Focus Financial Network Inc. Sells 20,457 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Focus Financial Network Inc. trimmed its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 4.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 465,129 shares of the company’s stock after selling 20,457 shares during the period. Focus Financial Network Inc. owned approximately 0.11% of Schwab U.S. Mid-Cap ETF worth $17,149,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SCHM. OxenFree Capital LLC increased its position in Schwab U.S. Mid-Cap ETF by 8.3% during the 2nd quarter. OxenFree Capital LLC now owns 195,751 shares of the company’s stock valued at $6,955,000 after buying an additional 15,008 shares in the last quarter. Worth Asset Management LLC purchased a new position in Schwab U.S. Mid-Cap ETF during the second quarter valued at $732,000. Trust Point Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 0.7% in the second quarter. Trust Point Inc. now owns 247,145 shares of the company’s stock worth $9,112,000 after acquiring an additional 1,777 shares in the last quarter. Palouse Capital Management Inc. boosted its holdings in Schwab U.S. Mid-Cap ETF by 87.6% in the second quarter. Palouse Capital Management Inc. now owns 3,952 shares of the company’s stock worth $146,000 after acquiring an additional 1,845 shares in the last quarter. Finally, Meriwether Wealth & Planning LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 24.1% in the second quarter. Meriwether Wealth & Planning LLC now owns 11,012 shares of the company’s stock worth $406,000 after acquiring an additional 2,140 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock opened at $36.09 on Monday. The company has a market capitalization of $15.08 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a one year low of $28.19 and a one year high of $36.90. The company’s 50-day moving average is $35.58 and its 200 day moving average is $33.72.

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.