Novare Capital Management LLC Sells 24,248 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Novare Capital Management LLC cut its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 72.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,055 shares of the company’s stock after selling 24,248 shares during the quarter. Novare Capital Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $280,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SCHM. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 4.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock valued at $328,744,000 after purchasing an additional 459,489 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 6.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock worth $320,830,000 after purchasing an additional 648,134 shares during the period. Advisory Alpha LLC boosted its stake in shares of 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 purchasing an additional 568,609 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,748,603 shares of the company’s stock valued at $180,506,000 after purchasing an additional 15,350 shares in the last quarter. Finally, Legacy Wealth Management Inc increased its holdings in Schwab U.S. Mid-Cap ETF by 2.7% during the fourth quarter. Legacy Wealth Management Inc now owns 4,319,152 shares of the company’s stock valued at $129,877,000 after buying an additional 114,417 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Down 1.7%

Shares of NYSEARCA:SCHM opened at $35.73 on Wednesday. The company has a market capitalization of $15.00 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 52 week low of $27.52 and a 52 week high of $36.65. The firm has a 50 day moving average of $34.64 and a 200 day moving average of $32.62.

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.