Focus Financial Network Inc. cut its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 9.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 420,179 shares of the company’s stock after selling 44,950 shares during the period. Focus Financial Network Inc. owned approximately 0.10% of Schwab U.S. Mid-Cap ETF worth $14,294,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JM2 Capital Inc. increased its holdings in Schwab U.S. Mid-Cap ETF by 2.7% during the 3rd quarter. JM2 Capital Inc. now owns 38,046 shares of the company’s stock worth $1,294,000 after purchasing an additional 984 shares in the last quarter. Womack Financial LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 2.8% in the 3rd quarter. Womack Financial LLC now owns 499,879 shares of the company’s stock valued at $17,006,000 after purchasing an additional 13,436 shares during the period. Salem Investment Counselors Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 0.5% in the 3rd quarter. Salem Investment Counselors Inc. now owns 645,893 shares of the company’s stock valued at $21,973,000 after purchasing an additional 3,212 shares during the period. Ifrah Financial Services Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at about $1,408,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at about $540,000.
Schwab U.S. Mid-Cap ETF Price Performance
Shares of Schwab U.S. Mid-Cap ETF stock opened at $34.50 on Wednesday. The firm has a market cap of $14.57 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. The stock’s 50-day moving average is $35.30 and its 200-day moving average is $34.78. Schwab U.S. Mid-Cap ETF has a one year low of $28.25 and a one year high of $36.92.
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.
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