22,512 Schwab U.S. Mid-Cap ETF $SCHM Shares Sold by Towercrest Capital Management

Towercrest Capital Management reduced its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 6.2% in the third quarter, Holdings Channel reports. The firm owned 341,898 shares of the company’s stock after selling 22,512 shares during the period. Schwab U.S. Mid-Cap ETF comprises approximately 1.7% of Towercrest Capital Management’s holdings, making the stock its 19th biggest position. Towercrest Capital Management’s holdings in Schwab U.S. Mid-Cap ETF were worth $11,631,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in SCHM. Financial Solutions Advisory Group Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the first quarter worth $39,615,000. Triangle Securities Wealth Management bought a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth about $17,977,000. Bangor Savings Bank bought a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth about $16,086,000. Courage Miller Partners LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $15,549,000. Finally, Avior Wealth Management LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $13,366,000.

Schwab U.S. Mid-Cap ETF Trading Down 0.5%

Shares of SCHM traded down $0.19 during trading hours on Friday, reaching $34.54. 2,862,061 shares of the company’s stock traded hands, compared to its average volume of 1,507,667. The stock has a market cap of $14.61 billion, a PE ratio of 18.83 and a beta of 1.05. The firm’s 50 day simple moving average is $35.03 and its 200-day simple moving average is $34.95. Schwab U.S. Mid-Cap ETF has a 12 month low of $28.25 and a 12 month high of $36.92.

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.