MBA Advisors LLC Has $1.46 Million Stake in Schwab U.S. Mid-Cap ETF $SCHM

MBA Advisors LLC reduced its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 47.0% in the 2nd quarter, Holdings Channel reports. The firm owned 39,680 shares of the company’s stock after selling 35,168 shares during the quarter. MBA Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,463,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Compass Financial Management LLC acquired a new position in Schwab U.S. Mid-Cap ETF in the second quarter valued at $30,000. Evergreen Advisors LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the first quarter valued at approximately $29,000. Godsey & Gibb Inc. acquired a new position in Schwab U.S. Mid-Cap ETF during the first quarter worth $29,000. Trust Co. of Vermont bought a new position in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $35,000. Finally, Kingdom Financial Group LLC. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $31,000.

Schwab U.S. Mid-Cap ETF Trading Up 0.6%

Shares of NYSEARCA:SCHM opened at $35.39 on Thursday. The stock has a market cap of $14.78 billion, a PE ratio of 18.83 and a beta of 1.04. The stock’s fifty day simple moving average is $35.71 and its two-hundred day simple moving average is $34.20. Schwab U.S. Mid-Cap ETF has a 1-year low of $28.25 and a 1-year high of $36.92.

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.