Avidian Wealth Enterprises LLC Has $814,000 Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Avidian Wealth Enterprises LLC lowered its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 70.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 29,026 shares of the company’s stock after selling 67,780 shares during the period. Avidian Wealth Enterprises LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $814,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of SCHM. Stratos Wealth Partners LTD. raised its position in Schwab U.S. Mid-Cap ETF by 7.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 17,949 shares of the company’s stock worth $470,000 after purchasing an additional 1,168 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the first quarter valued at about $191,000. Diversified Trust Co acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at about $265,000. Brown Advisory Inc. raised its position in shares of Schwab U.S. Mid-Cap ETF by 13.8% during the first quarter. Brown Advisory Inc. now owns 24,848 shares of the company’s stock worth $651,000 after acquiring an additional 3,004 shares during the last quarter. Finally, Golden Reserve Retirement LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the first quarter worth approximately $217,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $29.92 on Wednesday. The stock has a market capitalization of $12.25 billion, a PE ratio of 18.83 and a beta of 1.13. The business’s 50 day simple moving average is $29.59 and its 200 day simple moving average is $27.97. Schwab U.S. Mid-Cap ETF has a one year low of $22.41 and a one year high of $30.28.

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.