Manchester Financial Inc. Lowers Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Manchester Financial Inc. trimmed its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 10.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 195,396 shares of the company’s stock after selling 22,452 shares during the period. Schwab U.S. Mid-Cap ETF accounts for about 1.1% of Manchester Financial Inc.’s portfolio, making the stock its 21st largest position. Manchester Financial Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $5,876,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SCHM. Fifth Third Bancorp purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at about $30,000. Accredited Wealth Management LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 100.0% in the third quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after acquiring an additional 502 shares in the last quarter. Kingdom Financial Group LLC. purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $31,000. Ransom Advisory Ltd purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $32,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $36,000.

Schwab U.S. Mid-Cap ETF Stock Up 3.0%

Shares of Schwab U.S. Mid-Cap ETF stock opened at $35.63 on Friday. The stock’s 50-day simple moving average is $33.96 and its 200-day simple moving average is $32.27. Schwab U.S. Mid-Cap ETF has a 52 week low of $27.05 and a 52 week high of $35.85. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04.

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.