Schwab U.S. Mid-Cap ETF $SCHM Shares Sold by Birchbrook Inc.

Birchbrook Inc. lessened its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 10.4% during the second quarter, HoldingsChannel reports. The institutional investor owned 165,884 shares of the company’s stock after selling 19,302 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for about 2.5% of Birchbrook Inc.’s holdings, making the stock its 9th biggest position. Birchbrook Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $4,653,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of 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 period. Advisory Alpha LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 14.7% during the 2nd quarter. Advisory Alpha LLC now owns 8,373,700 shares of the company’s stock worth $234,882,000 after purchasing an additional 1,072,948 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in Schwab U.S. Mid-Cap ETF by 8.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock worth $214,880,000 after purchasing an additional 616,733 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Schwab U.S. Mid-Cap ETF by 28.6% in the first quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock valued at $43,409,000 after purchasing an additional 368,908 shares during the period. Finally, LPL Financial LLC increased its stake in Schwab U.S. Mid-Cap ETF by 1.1% in the first quarter. LPL Financial LLC now owns 1,648,859 shares of the company’s stock valued at $43,200,000 after purchasing an additional 18,602 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM opened at $28.73 on Wednesday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $22.41 and a fifty-two week high of $30.31. The firm has a 50-day simple moving average of $29.64 and a 200-day simple moving average of $28.69. The company has a market capitalization of $11.67 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.