May Barnhard Investments LLC Has $6.06 Million Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

May Barnhard Investments LLC lessened its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 11.5% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 231,374 shares of the company’s stock after selling 29,940 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up about 3.0% of May Barnhard Investments LLC’s portfolio, making the stock its 7th largest position. May Barnhard Investments LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $6,062,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Financial Engines Advisors L.L.C. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 129.1% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock worth $1,646,017,000 after purchasing an additional 33,472,238 shares during the last quarter. HighTower Advisors LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 209.3% during the fourth quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock valued at $279,249,000 after purchasing an additional 6,819,239 shares during the period. Cerity Partners LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 196.5% during the fourth quarter. Cerity Partners LLC now owns 6,714,292 shares of the company’s stock valued at $186,110,000 after purchasing an additional 4,449,523 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Schwab U.S. Mid-Cap ETF by 198.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,089,280 shares of the company’s stock worth $168,734,000 after buying an additional 4,046,898 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $67,051,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM opened at $27.53 on Thursday. The stock has a market capitalization of $11.41 billion, a PE ratio of 19.13 and a beta of 1.07. Schwab U.S. Mid-Cap ETF has a one year low of $22.41 and a one year high of $30.28. The business’s fifty day moving average price is $26.04 and its 200-day moving average price is $27.37.

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.