Mengis Capital Management Inc. Sells 3,295 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Mengis Capital Management Inc. lessened its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 164,800 shares of the company’s stock after selling 3,295 shares during the period. Schwab U.S. Mid-Cap ETF accounts for about 1.0% of Mengis Capital Management Inc.’s investment portfolio, making the stock its 26th biggest holding. Mengis Capital Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $4,623,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Stratos Wealth Partners LTD. grew its holdings in Schwab U.S. Mid-Cap ETF by 7.0% during the first quarter. Stratos Wealth Partners LTD. now owns 17,949 shares of the company’s stock valued at $470,000 after purchasing an additional 1,168 shares during the period. N.E.W. Advisory Services LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the first quarter valued at about $191,000. Diversified Trust Co purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at about $265,000. Brown Advisory Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 13.8% in the first quarter. Brown Advisory Inc. now owns 24,848 shares of the company’s stock valued at $651,000 after acquiring an additional 3,004 shares in the last quarter. Finally, Golden Reserve Retirement LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the first quarter valued at about $217,000.

Schwab U.S. Mid-Cap ETF Stock Down 1.0%

Shares of Schwab U.S. Mid-Cap ETF stock opened at $29.71 on Friday. The stock’s 50-day simple moving average is $29.40 and its 200-day simple moving average is $27.76. Schwab U.S. Mid-Cap ETF has a 52 week low of $22.41 and a 52 week high of $30.28. The company has a market capitalization of $12.21 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13.

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.