Schwab U.S. Mid-Cap ETF $SCHM Shares Sold by Paradigm Strategies in Wealth Management LLC

Paradigm Strategies in Wealth Management LLC trimmed its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 0.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,566 shares of the company’s stock after selling 578 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises approximately 2.2% of Paradigm Strategies in Wealth Management LLC’s portfolio, making the stock its 12th biggest position. Paradigm Strategies in Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,298,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHM. Advisory Alpha LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 27.7% in the first quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock valued at $191,211,000 after purchasing an additional 1,581,924 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $40,844,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Schwab U.S. Mid-Cap ETF by 8.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock valued at $214,880,000 after purchasing an additional 616,733 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Schwab U.S. Mid-Cap ETF by 28.6% in the first quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock valued at $43,409,000 after purchasing an additional 368,908 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in Schwab U.S. Mid-Cap ETF by 78.9% in the first quarter. Focus Partners Wealth now owns 640,723 shares of the company’s stock valued at $16,787,000 after purchasing an additional 282,489 shares in the last quarter.

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

Shares of SCHM opened at $29.88 on Wednesday. The stock has a 50 day moving average price of $29.68 and a 200 day moving average price of $28.21. The company has a market capitalization of $12.23 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $30.31.

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.