Focus Financial Network Inc. lessened its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 420,179 shares of the company’s stock after selling 44,950 shares during the quarter. Focus Financial Network Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $14,294,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Godsey & Gibb Inc. acquired a new position in Schwab U.S. Mid-Cap ETF during the first quarter worth $29,000. Evergreen Advisors LLC bought a new position in Schwab U.S. Mid-Cap ETF in the first quarter valued at $29,000. Compass Financial Management LLC bought a new position in Schwab U.S. Mid-Cap ETF in the second quarter valued at $30,000. Archer Investment Corp grew its position in Schwab U.S. Mid-Cap ETF by 266.9% in the first quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock valued at $33,000 after purchasing an additional 782 shares in the last quarter. Finally, Angeles Wealth Management LLC increased its stake in Schwab U.S. Mid-Cap ETF by 67.1% in the 2nd quarter. Angeles Wealth Management LLC now owns 934 shares of the company’s stock valued at $34,000 after buying an additional 375 shares during the last quarter.
Schwab U.S. Mid-Cap ETF Trading Down 0.0%
Shares of SCHM stock opened at $34.50 on Wednesday. The firm’s fifty day moving average price is $35.30 and its two-hundred day moving average price is $34.78. Schwab U.S. Mid-Cap ETF has a 1 year low of $28.25 and a 1 year high of $36.92. The firm has a market capitalization of $14.57 billion, a P/E ratio of 18.83 and a beta of 1.05.
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.
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