Larson Financial Group LLC Sells 16,189 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Larson Financial Group LLC lessened its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 4.6% in the third quarter, HoldingsChannel.com reports. The firm owned 338,857 shares of the company’s stock after selling 16,189 shares during the quarter. Larson Financial Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $10,044,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in SCHM. Fifth Third Bancorp bought a new position in Schwab U.S. Mid-Cap ETF during the third quarter worth $30,000. Accredited Wealth Management LLC boosted its position in Schwab U.S. Mid-Cap ETF by 100.0% during the third quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after acquiring an additional 502 shares during the last quarter. Guerra Advisors Inc bought a new stake in Schwab U.S. Mid-Cap ETF during the third quarter valued at $33,000. Geneos Wealth Management Inc. grew its holdings in Schwab U.S. Mid-Cap ETF by 54.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock worth $41,000 after acquiring an additional 519 shares during the period. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth about $64,000.

Schwab U.S. Mid-Cap ETF Trading Up 0.9%

SCHM stock opened at $31.13 on Tuesday. The firm has a market cap of $12.75 billion, a PE ratio of 18.83 and a beta of 1.08. The stock has a 50-day moving average price of $32.11 and a 200-day moving average price of $30.63. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $33.18.

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.