Liberty Square Wealth Partners LLC Cuts Position in Schwab U.S. Mid-Cap ETF $SCHM

Liberty Square Wealth Partners LLC cut its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 42.9% during the fourth quarter, HoldingsChannel reports. The fund owned 66,830 shares of the company’s stock after selling 50,272 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises about 0.6% of Liberty Square Wealth Partners LLC’s holdings, making the stock its 24th largest position. Liberty Square Wealth Partners LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 4.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock valued at $328,744,000 after acquiring an additional 459,489 shares during the period. HighTower Advisors LLC grew its stake in Schwab U.S. Mid-Cap ETF by 1.9% during the 3rd quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock worth $319,596,000 after buying an additional 198,793 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in Schwab U.S. Mid-Cap ETF by 5.9% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 10,021,294 shares of the company’s stock worth $297,031,000 after buying an additional 555,701 shares during the last quarter. Advisory Alpha LLC grew its stake in Schwab U.S. Mid-Cap ETF by 6.8% during the 3rd quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock worth $267,436,000 after buying an additional 568,609 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Schwab U.S. Mid-Cap ETF by 0.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,748,603 shares of the company’s stock worth $180,506,000 after buying an additional 15,350 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $34.83 on Friday. Schwab U.S. Mid-Cap ETF has a 1-year low of $27.05 and a 1-year high of $35.85. The stock’s fifty day moving average price is $33.60 and its 200 day moving average price is $32.06. The company has a market cap of $14.63 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04.

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.