Kestra Advisory Services LLC Has $3.38 Million Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Kestra Advisory Services LLC lessened its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 25.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,815 shares of the company’s stock after selling 44,570 shares during the quarter. Kestra Advisory Services LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,375,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHM. Brighton Jones LLC raised its stake in Schwab U.S. Mid-Cap ETF by 200.4% in the fourth quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock valued at $645,000 after purchasing an additional 15,538 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Schwab U.S. Mid-Cap ETF by 194.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock worth $3,187,000 after acquiring an additional 75,941 shares in the last quarter. First Trust Advisors LP acquired a new position in Schwab U.S. Mid-Cap ETF during the fourth quarter worth about $377,000. Stifel Financial Corp raised its stake in Schwab U.S. Mid-Cap ETF by 260.4% during the fourth quarter. Stifel Financial Corp now owns 125,883 shares of the company’s stock worth $3,488,000 after acquiring an additional 90,951 shares in the last quarter. Finally, MGO One Seven LLC raised its stake in Schwab U.S. Mid-Cap ETF by 36.2% during the fourth quarter. MGO One Seven LLC now owns 8,732 shares of the company’s stock worth $242,000 after acquiring an additional 2,320 shares in the last quarter.

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

Shares of NYSEARCA SCHM opened at $29.56 on Thursday. The company has a market cap of $12.18 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $30.28. The stock has a 50-day moving average price of $28.60 and a two-hundred day moving average price of $27.28.

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.