Bristlecone Advisors LLC Cuts Position in Schwab U.S. Mid-Cap ETF $SCHM

Bristlecone Advisors LLC decreased its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,106 shares of the company’s stock after selling 2,827 shares during the quarter. Bristlecone Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,088,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $25,000. Creative Capital Management Investments LLC purchased a new stake in Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $38,000. Roxbury Financial LLC purchased a new stake in Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $39,000. Mid American Wealth Advisory Group Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth $42,000. Finally, Bulwark Capital Corp purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth $58,000.

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

Schwab U.S. Mid-Cap ETF stock opened at $29.88 on Wednesday. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve month high of $30.31. The stock’s fifty day simple moving average is $29.68 and its 200-day simple moving average is $28.21. The firm has a market capitalization of $12.23 billion, a P/E ratio of 18.83 and a beta of 1.08.

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.