Lowe Brockenbrough & Co. Inc. Lowers Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Lowe Brockenbrough & Co. Inc. trimmed its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 11.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 126,679 shares of the company’s stock after selling 16,362 shares during the period. Lowe Brockenbrough & Co. Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,755,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Guerra Advisors Inc purchased a new stake in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $33,000. Geneos Wealth Management Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 54.1% during the second quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock worth $41,000 after buying an additional 519 shares during the period. Mid American Wealth Advisory Group Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth $42,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at $64,000. Finally, Eastern Bank purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at $70,000.

Schwab U.S. Mid-Cap ETF Trading Up 2.9%

SCHM opened at $32.64 on Friday. The stock’s 50-day moving average price is $31.09 and its 200 day moving average price is $29.99. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month high of $32.69. The firm has a market cap of $13.37 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08.

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.