NewEdge Advisors LLC Has $958,000 Holdings in Schwab U.S. Mid-Cap ETF $SCHM

NewEdge Advisors LLC cut its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 64.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 30,946 shares of the company’s stock after selling 55,032 shares during the period. NewEdge Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $958,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Arkadios Wealth Advisors increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 10.8% in the first quarter. Arkadios Wealth Advisors now owns 28,268 shares of the company’s stock worth $875,000 after acquiring an additional 2,755 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 3.9% during the 1st quarter. Sunbelt Securities Inc. now owns 296,948 shares of the company’s stock valued at $9,194,000 after purchasing an additional 11,141 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 7.2% during the 1st quarter. Royal Bank of Canada now owns 168,268 shares of the company’s stock valued at $5,209,000 after purchasing an additional 11,351 shares in the last quarter. Eley Financial Management Inc grew its position in shares of Schwab U.S. Mid-Cap ETF by 8.0% in the 1st quarter. Eley Financial Management Inc now owns 26,632 shares of the company’s stock valued at $825,000 after purchasing an additional 1,969 shares during the period. Finally, Quantinno Capital Management LP grew its position in shares of Schwab U.S. Mid-Cap ETF by 39.3% in the 1st quarter. Quantinno Capital Management LP now owns 69,542 shares of the company’s stock valued at $2,153,000 after purchasing an additional 19,623 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA SCHM opened at $34.70 on Friday. The stock has a market cap of $14.49 billion, a price-to-earnings ratio of 18.83 and a beta of 1.03. The business has a 50 day simple moving average of $35.51 and a 200 day simple moving average of $33.57. Schwab U.S. Mid-Cap ETF has a 52-week low of $27.76 and a 52-week high of $36.90.

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.