MBA Advisors LLC Sells 35,168 Shares of Schwab U.S. Mid-Cap ETF $SCHM

MBA Advisors LLC cut its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 47.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,680 shares of the company’s stock after selling 35,168 shares during the quarter. MBA Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,463,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC grew its position in Schwab U.S. Mid-Cap ETF by 200.4% during the fourth quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after buying an additional 15,538 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 194.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock worth $3,187,000 after purchasing an additional 75,941 shares in the last quarter. Royal Bank of Canada increased its holdings in Schwab U.S. Mid-Cap ETF by 5.1% in the 1st quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock valued at $4,042,000 after buying an additional 7,443 shares during the period. Goldman Sachs Group Inc. increased its stake in Schwab U.S. Mid-Cap ETF by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock valued at $12,707,000 after acquiring an additional 4,886 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 37.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 3,359 shares of the company’s stock valued at $94,000 after purchasing an additional 915 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.6%

Shares of NYSEARCA SCHM opened at $35.39 on Thursday. The stock has a 50-day moving average price of $35.71 and a two-hundred day moving average price of $34.20. The company has a market cap of $14.78 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 12 month low of $28.25 and a 12 month high of $36.92.

Schwab U.S. Mid-Cap ETF Company 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.