Schwab U.S. Mid-Cap ETF $SCHM Stock Sold by Towercrest Capital Management

Towercrest Capital Management decreased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 6.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 341,898 shares of the company’s stock after selling 22,512 shares during the period. Schwab U.S. Mid-Cap ETF comprises about 1.7% of Towercrest Capital Management’s holdings, making the stock its 19th largest position. Towercrest Capital Management owned approximately 0.08% of Schwab U.S. Mid-Cap ETF worth $11,631,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in SCHM. Curry Webb Wealth Management LLC bought a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth about $25,000. Evergreen Advisors LLC purchased a new stake in Schwab U.S. Mid-Cap ETF in the 1st quarter valued at about $29,000. Compass Financial Management LLC purchased a new stake in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $30,000. Archer Investment Corp increased its stake in Schwab U.S. Mid-Cap ETF by 266.9% in the 1st quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock valued at $33,000 after buying an additional 782 shares during the last quarter. Finally, Angeles Wealth Management LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 67.1% during the 2nd quarter. Angeles Wealth Management LLC now owns 934 shares of the company’s stock worth $34,000 after buying an additional 375 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of Schwab U.S. Mid-Cap ETF stock traded down $0.19 during mid-day trading on Friday, hitting $34.54. 2,862,061 shares of the stock were exchanged, compared to its average volume of 1,507,667. Schwab U.S. Mid-Cap ETF has a 12 month low of $28.25 and a 12 month high of $36.92. The company has a 50-day simple moving average of $35.03 and a 200 day simple moving average of $34.95. The company has a market capitalization of $14.61 billion, a P/E ratio of 18.83 and a beta of 1.05.

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.