Westbourne Investments Inc. Reduces Stake in Schwab U.S. Mid-Cap ETF $SCHM

Westbourne Investments Inc. decreased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 8.5% during the second quarter, HoldingsChannel.com reports. The firm owned 24,648 shares of the company’s stock after selling 2,300 shares during the period. Westbourne Investments Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $691,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF during the 2nd quarter worth about $25,000. Roxbury Financial LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at about $39,000. Vermillion Wealth Management Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at about $50,000. Continuum Advisory LLC grew its position in Schwab U.S. Mid-Cap ETF by 136.4% during the 4th quarter. Continuum Advisory LLC now owns 1,811 shares of the company’s stock worth $50,000 after acquiring an additional 1,045 shares during the last quarter. Finally, Bulwark Capital Corp bought a new position in Schwab U.S. Mid-Cap ETF during the 2nd quarter worth approximately $58,000.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM opened at $29.76 on Wednesday. The stock’s 50 day simple moving average is $29.05 and its 200 day simple moving average is $27.39. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $30.28. The firm has a market cap of $12.26 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13.

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.