ProVise Management Group LLC Sells 25,804 Shares of Schwab U.S. Mid-Cap ETF $SCHM

ProVise Management Group LLC lessened its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 6.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 371,421 shares of the company’s stock after selling 25,804 shares during the quarter. ProVise Management Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $11,009,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Creative Planning boosted its stake in Schwab U.S. Mid-Cap ETF by 2.4% in the second quarter. Creative Planning now owns 29,603,590 shares of the company’s stock valued at $830,381,000 after acquiring an additional 684,597 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 1.9% during the 3rd quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock worth $319,596,000 after purchasing an additional 198,793 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 25.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock worth $288,136,000 after purchasing an additional 2,070,689 shares during the last quarter. Advisory Alpha LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 6.8% in the 3rd quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock worth $267,436,000 after purchasing an additional 568,609 shares during the period. Finally, Legacy Wealth Management Inc raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.5% in the 3rd quarter. Legacy Wealth Management Inc now owns 4,204,735 shares of the company’s stock worth $124,628,000 after purchasing an additional 22,803 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 2.2%

Schwab U.S. Mid-Cap ETF stock opened at $31.39 on Monday. The business’s 50 day simple moving average is $32.01 and its 200 day simple moving average is $30.55. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $33.18. The company has a market cap of $12.85 billion, a price-to-earnings 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.