NewEdge Advisors LLC Has $958,000 Position in Schwab U.S. Mid-Cap ETF $SCHM

NewEdge Advisors LLC cut its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 64.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,946 shares of the company’s stock after selling 55,032 shares during the quarter. NewEdge Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $958,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 41.7% in the fourth quarter. Farther Finance Advisors LLC now owns 538,826 shares of the company’s stock valued at $16,202,000 after purchasing an additional 158,469 shares during the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 10.8% during the fourth quarter. Chicago Partners Investment Group LLC now owns 951,922 shares of the company’s stock worth $30,528,000 after buying an additional 93,144 shares during the last quarter. Blue Square Asset Management LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 28.0% during the fourth quarter. Blue Square Asset Management LLC now owns 305,958 shares of the company’s stock worth $9,200,000 after buying an additional 66,876 shares during the last quarter. Benjamin Edwards Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 4.4% during the 4th quarter. Benjamin Edwards Inc. now owns 557,439 shares of the company’s stock worth $16,762,000 after buying an additional 23,251 shares during the period. Finally, Wealth Enhancement Trust Services Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter worth about $6,870,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $34.70 on Friday. The stock has a market cap of $14.49 billion, a PE ratio of 18.83 and a beta of 1.03. The stock has a 50-day moving average of $35.51 and a 200-day moving average of $33.57. Schwab U.S. Mid-Cap ETF has a one year low of $27.76 and a one year high of $36.90.

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.