ETF Store Inc. Cuts Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

ETF Store Inc. decreased its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 30.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,707 shares of the company’s stock after selling 7,276 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up approximately 1.3% of ETF Store Inc.’s portfolio, making the stock its 19th largest position. ETF Store Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Corient Private Wealth LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 2.4% during the fourth quarter. Corient Private Wealth LLC now owns 231,075 shares of the company’s stock worth $17,405,000 after acquiring an additional 5,389 shares during the period. Napatree Capital LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at $2,110,000. Burkett Financial Services LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter worth $2,397,000. Human Investing LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter worth about $221,000. Finally, Private Advisor Group LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 0.4% during the fourth quarter. Private Advisor Group LLC now owns 69,815 shares of the company’s stock worth $5,258,000 after buying an additional 311 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.5 %

SCHM opened at $79.04 on Friday. Schwab U.S. Mid-Cap ETF has a twelve month low of $62.87 and a twelve month high of $82.28. The company’s 50-day moving average price is $79.22 and its two-hundred day moving average price is $78.81. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

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.