Schwab U.S. Mid-Cap ETF $SCHM Stock: Providence First Trust Co Reduces Stake

Providence First Trust Co lessened its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 26.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 85,493 shares of the company’s stock after selling 30,333 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 1.0% of Providence First Trust Co’s investment portfolio, making the stock its 19th largest holding. Providence First Trust Co’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,908,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Legacy Wealth Management LLC increased its position in Schwab U.S. Mid-Cap ETF by 1.0% in the third quarter. Legacy Wealth Management LLC now owns 4,330,359 shares of the company’s stock worth $147,319,000 after purchasing an additional 43,883 shares during the period. Fragasso Financial Advisors Inc lifted its position in Schwab U.S. Mid-Cap ETF by 0.7% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 2,888,481 shares of the company’s stock valued at $100,086,000 after purchasing an additional 20,487 shares during the period. Envestnet Asset Management Inc. lifted its position in Schwab U.S. Mid-Cap ETF by 9.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,553,972 shares of the company’s stock valued at $57,157,000 after purchasing an additional 139,644 shares during the period. Cetera Investment Advisers lifted its position in Schwab U.S. Mid-Cap ETF by 9.5% during the 1st quarter. Cetera Investment Advisers now owns 1,285,570 shares of the company’s stock valued at $39,801,000 after purchasing an additional 111,937 shares during the period. Finally, Financial Solutions Advisory Group Inc. acquired a new position in Schwab U.S. Mid-Cap ETF during the 1st quarter valued at about $39,615,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM traded up $0.16 during mid-day trading on Friday, hitting $34.39. The company’s stock had a trading volume of 1,958,898 shares, compared to its average volume of 1,560,264. The stock has a market cap of $14.59 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a one year low of $28.25 and a one year high of $36.92. The company’s fifty day simple moving average is $34.80 and its 200-day simple moving average is $34.16.

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.