Schwab U.S. Mid-Cap ETF $SCHM Shares Sold by Milestone Investment Advisors LLC

Milestone Investment Advisors LLC trimmed its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 8.7% during the second quarter, HoldingsChannel.com reports. The firm owned 342,460 shares of the company’s stock after selling 32,666 shares during the period. Schwab U.S. Mid-Cap ETF makes up about 2.5% of Milestone Investment Advisors LLC’s portfolio, making the stock its 11th biggest holding. Milestone Investment Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $9,606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. grew its position in shares of Schwab U.S. Mid-Cap ETF by 25.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock worth $288,136,000 after acquiring an additional 2,070,689 shares in the last quarter. Advisory Alpha LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 27.7% during the 1st quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock valued at $191,211,000 after acquiring an additional 1,581,924 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new position in Schwab U.S. Mid-Cap ETF during the second quarter worth $40,844,000. Creative Planning boosted its holdings 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 worth $830,381,000 after purchasing an additional 684,597 shares during the period. Finally, Jones Financial Companies Lllp increased its stake in Schwab U.S. Mid-Cap ETF by 28.6% during 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 last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM opened at $30.27 on Friday. The company’s fifty day moving average is $29.59 and its two-hundred day moving average is $28.89. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $30.36. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08.

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.