Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Stock Position Lowered by American Trust

American Trust lessened its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 24.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,996 shares of the company’s stock after selling 945 shares during the period. American Trust’s holdings in Schwab U.S. Mid-Cap ETF were worth $244,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SCHM. EverSource Wealth Advisors LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 75.9% during the first quarter. EverSource Wealth Advisors LLC now owns 343 shares of the company’s stock worth $26,000 after purchasing an additional 148 shares during the period. Peninsula Wealth LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the first quarter worth $11,120,000. Cetera Advisor Networks LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.2% during the first quarter. Cetera Advisor Networks LLC now owns 259,488 shares of the company’s stock valued at $21,130,000 after buying an additional 5,597 shares in the last quarter. Cetera Advisors LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 70.9% during the first quarter. Cetera Advisors LLC now owns 50,560 shares of the company’s stock valued at $4,117,000 after buying an additional 20,974 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 795.6% during the first quarter. Cetera Investment Advisers now owns 325,438 shares of the company’s stock valued at $26,500,000 after buying an additional 289,099 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 2.7 %

NYSEARCA SCHM traded down $2.17 on Friday, reaching $77.42. The stock had a trading volume of 280,125 shares, compared to its average volume of 305,180. The business has a 50 day moving average price of $78.73 and a 200 day moving average price of $78.12. Schwab U.S. Mid-Cap ETF has a 1 year low of $62.87 and a 1 year high of $82.26. The company has a market capitalization of $11.10 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.