S.A. Mason LLC Cuts Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

S.A. Mason LLC lessened its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,449 shares of the company’s stock after selling 1,525 shares during the quarter. S.A. Mason LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,088,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SCHM. Baltimore Washington Financial Advisors Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF in the first quarter valued at $2,658,000. WestHill Financial Advisors Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $28,000. Worth Asset Management LLC purchased a new position in Schwab U.S. Mid-Cap ETF during the 1st quarter valued at about $29,000. Sound Income Strategies LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 77.1% in the third quarter. Sound Income Strategies LLC now owns 471 shares of the company’s stock valued at $32,000 after purchasing an additional 205 shares in the last quarter. Finally, Fifth Third Bancorp grew its position in shares of Schwab U.S. Mid-Cap ETF by 1,285.7% in the third quarter. Fifth Third Bancorp now owns 485 shares of the company’s stock valued at $33,000 after purchasing an additional 450 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM opened at $81.16 on Thursday. The firm has a 50 day simple moving average of $77.02 and a 200-day simple moving average of $72.15. The stock has a market cap of $11.27 billion, a price-to-earnings ratio of 12.93 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a 1-year low of $62.87 and a 1-year high of $81.16.

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.