Schwab U.S. Mid-Cap ETF $SCHM Stock Position Lowered by Schaeffer Financial LLC

Schaeffer Financial LLC cut its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 50.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 130,767 shares of the company’s stock after selling 132,217 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up approximately 3.4% of Schaeffer Financial LLC’s holdings, making the stock its 6th biggest holding. Schaeffer Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,932,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SCHM. Thrivent Financial for Lutherans increased its holdings in Schwab U.S. Mid-Cap ETF by 2,708.3% during the third quarter. Thrivent Financial for Lutherans now owns 1,924,641 shares of the company’s stock valued at $57,046,000 after buying an additional 1,856,108 shares during the period. Financial Planning Navigators CORP purchased a new position in Schwab U.S. Mid-Cap ETF during the fourth quarter valued at approximately $22,267,000. Corient Private Wealth LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 97.8% during the second quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock valued at $36,187,000 after buying an additional 637,571 shares during the period. Advisory Alpha LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 6.8% during the third quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after buying an additional 568,609 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 5.9% during the third quarter. Moneta Group Investment Advisors LLC now owns 10,021,294 shares of the company’s stock valued at $297,031,000 after buying an additional 555,701 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 0.2%

Shares of SCHM stock opened at $33.74 on Tuesday. The firm has a market cap of $14.16 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. The company’s 50 day moving average is $32.14 and its 200 day moving average is $31.12. Schwab U.S. Mid-Cap ETF has a 52-week low of $24.97 and a 52-week high of $34.21.

About Schwab U.S. Mid-Cap ETF

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.