NFP Retirement Inc. Sells 9,518 Shares of Schwab U.S. Mid-Cap ETF $SCHM

NFP Retirement Inc. cut its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 12.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 66,013 shares of the company’s stock after selling 9,518 shares during the quarter. NFP Retirement Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,852,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SCHM. N.E.W. Advisory Services LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the first quarter worth about $191,000. Diversified Trust Co bought a new stake in Schwab U.S. Mid-Cap ETF during the 2nd quarter worth approximately $265,000. Y Intercept Hong Kong Ltd purchased a new stake in Schwab U.S. Mid-Cap ETF in the 2nd quarter worth approximately $478,000. Golden Reserve Retirement LLC bought a new position in Schwab U.S. Mid-Cap ETF in the 1st quarter valued at $217,000. Finally, Signature Estate & Investment Advisors LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 2.1% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 61,525 shares of the company’s stock valued at $1,726,000 after purchasing an additional 1,292 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM opened at $28.75 on Thursday. Schwab U.S. Mid-Cap ETF has a one year low of $22.41 and a one year high of $30.31. The firm has a market capitalization of $11.68 billion, a P/E ratio of 18.83 and a beta of 1.08. The company has a fifty day moving average price of $29.62 and a 200-day moving average price of $28.69.

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.