Sunburst Financial Group LLC Trims Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Sunburst Financial Group LLC lessened its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,116 shares of the company’s stock after selling 259 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for 0.6% of Sunburst Financial Group LLC’s portfolio, making the stock its 28th biggest holding. Sunburst Financial Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,276,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Advocacy Wealth Management Services LLC increased its position in Schwab U.S. Mid-Cap ETF by 12.9% during the first quarter. Advocacy Wealth Management Services LLC now owns 403,274 shares of the company’s stock valued at $32,839,000 after acquiring an additional 46,158 shares during the last quarter. S.A. Mason LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 5.7% during the first quarter. S.A. Mason LLC now owns 15,269 shares of the company’s stock valued at $1,243,000 after purchasing an additional 820 shares during the period. Northeast Financial Group Inc. grew its holdings in Schwab U.S. Mid-Cap ETF by 11.9% during the first quarter. Northeast Financial Group Inc. now owns 233,997 shares of the company’s stock valued at $19,054,000 after purchasing an additional 24,952 shares during the period. St. Johns Investment Management Company LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 4.2% during the first quarter. St. Johns Investment Management Company LLC now owns 138,073 shares of the company’s stock valued at $11,243,000 after purchasing an additional 5,617 shares during the period. Finally, Sunbelt Securities Inc. grew its holdings in Schwab U.S. Mid-Cap ETF by 9.0% during the first quarter. Sunbelt Securities Inc. now owns 83,611 shares of the company’s stock valued at $6,808,000 after purchasing an additional 6,930 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 0.4 %

NYSEARCA:SCHM traded up $0.34 during mid-day trading on Friday, hitting $77.98. 89,184 shares of the company traded hands, compared to its average volume of 300,425. The stock’s fifty day moving average price is $78.47 and its 200-day moving average price is $77.20. Schwab U.S. Mid-Cap ETF has a one year low of $62.87 and a one year high of $81.74. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

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.