Schwab U.S. Mid-Cap ETF $SCHM Position Lowered by Cynosure Group LLC

Cynosure Group LLC reduced its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 42.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,595 shares of the company’s stock after selling 21,459 shares during the quarter. Cynosure Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $860,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 4.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock valued at $328,744,000 after acquiring an additional 459,489 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 6.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after acquiring an additional 648,134 shares in the last quarter. Advisory Alpha LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 6.8% during the 3rd quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after acquiring an additional 568,609 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,748,603 shares of the company’s stock valued at $180,506,000 after acquiring an additional 15,350 shares in the last quarter. Finally, Legacy Wealth Management Inc raised its position in shares of Schwab U.S. Mid-Cap ETF by 2.7% during the 4th quarter. Legacy Wealth Management Inc now owns 4,319,152 shares of the company’s stock valued at $129,877,000 after acquiring an additional 114,417 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.8%

SCHM stock opened at $36.32 on Tuesday. The firm has a market cap of $15.25 billion, a P/E ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 12-month low of $27.10 and a 12-month high of $36.65. The stock’s 50 day simple moving average is $34.16 and its 200 day simple moving average is $32.36.

Schwab U.S. Mid-Cap ETF Company 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.