Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Sold by BCS Wealth Management

BCS Wealth Management reduced its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 18.1% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 65,497 shares of the company’s stock after selling 14,428 shares during the quarter. BCS Wealth Management’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,716,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SCHM. Wealth Group Ltd. grew its position in shares of Schwab U.S. Mid-Cap ETF by 199.3% in the fourth quarter. Wealth Group Ltd. now owns 108,625 shares of the company’s stock valued at $3,010,000 after purchasing an additional 72,326 shares during the last quarter. Capital & Planning LLC raised its stake in Schwab U.S. Mid-Cap ETF by 238.9% during the fourth quarter. Capital & Planning LLC now owns 113,779 shares of the company’s stock worth $3,153,000 after purchasing an additional 80,208 shares during the period. Ironwood Wealth Management LLC. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 238.5% in the 4th quarter. Ironwood Wealth Management LLC. now owns 68,273 shares of the company’s stock valued at $1,892,000 after acquiring an additional 48,102 shares during the period. Brighton Jones LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 200.4% during the 4th quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock valued at $645,000 after purchasing an additional 15,538 shares in the last quarter. Finally, Revolve Wealth Partners LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 194.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $3,187,000 after purchasing an additional 75,941 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $27.54 on Friday. The firm has a market cap of $11.42 billion, a P/E ratio of 19.13 and a beta of 1.07. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $30.28. The firm has a fifty day moving average of $25.90 and a two-hundred day moving average of $27.40.

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.