Manchester Financial Inc. cut its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 38.6% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 389,788 shares of the company’s stock after selling 244,815 shares during the period. Schwab U.S. Mid-Cap ETF comprises 2.3% of Manchester Financial Inc.’s portfolio, making the stock its 14th biggest holding. Manchester Financial Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $10,934,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of SCHM. Atwood & Palmer Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter valued at about $25,000. Creative Capital Management Investments LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth about $38,000. Roxbury Financial LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth about $39,000. Bulwark Capital Corp purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth about $58,000. Finally, Webster Bank N. A. purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth about $60,000.
Schwab U.S. Mid-Cap ETF Trading Up 0.1%
Shares of NYSEARCA SCHM opened at $29.49 on Friday. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $30.28. The firm has a market capitalization of $12.11 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13. The business has a 50-day moving average of $29.53 and a 200-day moving average of $27.88.
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.
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Want to see what other hedge funds are holding SCHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report).
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