Whittier Trust Co. Has $7.48 Million Stake in Schwab U.S. Mid-Cap ETF $SCHM

Whittier Trust Co. reduced its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 15.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 237,669 shares of the company’s stock after selling 44,827 shares during the period. Whittier Trust Co. owned about 0.06% of Schwab U.S. Mid-Cap ETF worth $7,479,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 41.7% during the 4th quarter. Farther Finance Advisors LLC now owns 538,826 shares of the company’s stock worth $16,202,000 after acquiring an additional 158,469 shares during the last quarter. Fragasso Financial Advisors Inc raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 1.8% in the fourth quarter. Fragasso Financial Advisors Inc now owns 2,980,496 shares of the company’s stock valued at $89,624,000 after purchasing an additional 52,432 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 10.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 951,922 shares of the company’s stock valued at $30,528,000 after purchasing an additional 93,144 shares during the last quarter. Dorato Capital Management bought a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter valued at about $2,361,000. Finally, Cassilly Financial Group LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter valued at about $1,154,000.

Schwab U.S. Mid-Cap ETF Stock Down 1.8%

Schwab U.S. Mid-Cap ETF stock traded down $0.64 during midday trading on Tuesday, hitting $35.45. 209,803 shares of the stock were exchanged, compared to its average volume of 1,326,423. Schwab U.S. Mid-Cap ETF has a 52-week low of $27.76 and a 52-week high of $36.90. The business’s 50-day moving average price is $35.15 and its 200-day moving average price is $32.99. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of 18.83 and a beta of 1.03.

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.