Schwab U.S. Mid-Cap ETF $SCHM Shares Sold by Lowe Brockenbrough & Co. Inc.

Lowe Brockenbrough & Co. Inc. lessened its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 126,679 shares of the company’s stock after selling 16,362 shares during the quarter. Lowe Brockenbrough & Co. Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,755,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SCHM. Denver PWM LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 4.9% in the second quarter. Denver PWM LLC now owns 650,802 shares of the company’s stock valued at $18,255,000 after purchasing an additional 30,453 shares during the period. Arkadios Wealth Advisors acquired a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $727,000. Belpointe Asset Management LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 85.8% during the 3rd quarter. Belpointe Asset Management LLC now owns 45,867 shares of the company’s stock worth $1,359,000 after buying an additional 21,177 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at approximately $478,000. Finally, Seneca Financial Advisors LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 16.8% in the third quarter. Seneca Financial Advisors LLC now owns 696,167 shares of the company’s stock valued at $20,634,000 after acquiring an additional 100,076 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $32.64 on Friday. The stock has a 50 day moving average of $31.09 and a 200 day moving average of $29.99. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $22.41 and a fifty-two week high of $32.69.

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.