Midwest Capital Advisors LLC lessened its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 15.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,710 shares of the company’s stock after selling 4,875 shares during the period. Schwab U.S. Mid-Cap ETF makes up 0.4% of Midwest Capital Advisors LLC’s portfolio, making the stock its 29th biggest position. Midwest Capital Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $777,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Stratos Wealth Partners LTD. increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 7.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 17,949 shares of the company’s stock worth $470,000 after acquiring an additional 1,168 shares during the period. N.E.W. Advisory Services LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter worth about $191,000. Diversified Trust Co acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter worth about $265,000. Brown Advisory Inc. increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 13.8% in the 1st quarter. Brown Advisory Inc. now owns 24,848 shares of the company’s stock worth $651,000 after acquiring an additional 3,004 shares during the period. Finally, Golden Reserve Retirement LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter worth about $217,000.
Schwab U.S. Mid-Cap ETF Stock Down 2.7%
SCHM stock opened at $28.90 on Friday. The stock has a market cap of $11.88 billion, a PE ratio of 18.83 and a beta of 1.13. The firm’s 50-day simple moving average is $29.42 and its 200 day simple moving average is $27.78. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $22.41 and a fifty-two week high of $30.28.
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.
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