Schwab U.S. Mid-Cap ETF $SCHM Stock Position Lowered by Valley National Advisers Inc.

Valley National Advisers Inc. reduced its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 388,095 shares of the company’s stock after selling 8,982 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up 1.8% of Valley National Advisers Inc.’s investment portfolio, making the stock its 10th largest position. Valley National Advisers Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $10,885,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SCHM. EP Wealth Advisors LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 1.1% during the 1st quarter. EP Wealth Advisors LLC now owns 36,924 shares of the company’s stock worth $967,000 after purchasing an additional 386 shares during the last quarter. Citizens Financial Group Inc. RI boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 0.3% during the first quarter. Citizens Financial Group Inc. RI now owns 135,348 shares of the company’s stock valued at $3,546,000 after acquiring an additional 398 shares during the last quarter. LifePlan Financial LLC increased its position in Schwab U.S. Mid-Cap ETF by 2.3% during the 2nd quarter. LifePlan Financial LLC now owns 21,228 shares of the company’s stock worth $595,000 after purchasing an additional 470 shares in the last quarter. Alpha Omega Wealth Management LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 0.3% in the 2nd quarter. Alpha Omega Wealth Management LLC now owns 144,463 shares of the company’s stock valued at $4,052,000 after purchasing an additional 482 shares in the last quarter. Finally, Morris Financial Concepts Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 21.0% during the first quarter. Morris Financial Concepts Inc. now owns 2,977 shares of the company’s stock worth $78,000 after buying an additional 517 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM opened at $30.04 on Monday. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $30.28. The company’s 50 day simple moving average is $29.32 and its 200 day simple moving average is $27.69. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13.

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.