ZRC Wealth Management LLC Sells 1,871 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

ZRC Wealth Management LLC trimmed its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 8.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,428 shares of the company’s stock after selling 1,871 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises approximately 0.8% of ZRC Wealth Management LLC’s investment portfolio, making the stock its 25th biggest position. ZRC Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,663,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its position in Schwab U.S. Mid-Cap ETF by 1,509.2% during the 4th quarter. Cerity Partners LLC now owns 18,943,319 shares of the company’s stock worth $1,426,811,000 after buying an additional 17,766,110 shares during the period. Sheets Smith Wealth Management increased its position in Schwab U.S. Mid-Cap ETF by 1,864.1% during the 4th quarter. Sheets Smith Wealth Management now owns 448,039 shares of the company’s stock worth $33,746,000 after buying an additional 425,228 shares during the period. Advocacy Wealth Management Services LLC bought a new position in Schwab U.S. Mid-Cap ETF during the 4th quarter worth $26,898,000. Trust Point Inc. bought a new position in Schwab U.S. Mid-Cap ETF during the 4th quarter worth $16,609,000. Finally, Tradewinds Capital Management LLC bought a new position in Schwab U.S. Mid-Cap ETF during the 1st quarter worth $17,337,000.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM stock traded up $0.22 during midday trading on Thursday, reaching $77.55. The company had a trading volume of 209,839 shares, compared to its average volume of 304,498. The company has a market capitalization of $11.12 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 1-year low of $62.87 and a 1-year high of $81.74. The stock has a 50 day moving average price of $78.53 and a 200-day moving average price of $77.35.

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.