Modera Wealth Management LLC reduced its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 4.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 697,391 shares of the company’s stock after selling 31,518 shares during the quarter. Modera Wealth Management LLC owned about 0.17% of Schwab U.S. Mid-Cap ETF worth $21,591,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Godsey & Gibb Inc. bought a new position in Schwab U.S. Mid-Cap ETF during the 1st quarter worth approximately $29,000. Evergreen Advisors LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter valued at $29,000. Kingdom Financial Group LLC. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth $31,000. Ransom Advisory Ltd bought a new position in Schwab U.S. Mid-Cap ETF during the fourth quarter worth $32,000. Finally, Archer Investment Corp raised its stake in Schwab U.S. Mid-Cap ETF by 266.9% during the first quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock worth $33,000 after buying an additional 782 shares during the last quarter.
Schwab U.S. Mid-Cap ETF Trading Down 0.6%
Shares of SCHM opened at $34.99 on Friday. The stock has a market capitalization of $14.58 billion, a P/E ratio of 18.83 and a beta of 1.03. The firm’s fifty day simple moving average is $35.40 and its two-hundred day simple moving average is $33.28. Schwab U.S. Mid-Cap ETF has a 12 month low of $27.76 and a 12 month 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.
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