Novare Capital Management LLC Reduces Position in Schwab U.S. Mid-Cap ETF $SCHM

Novare Capital Management LLC trimmed its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 72.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 9,055 shares of the company’s stock after selling 24,248 shares during the quarter. Novare Capital Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $280,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of SCHM. Kiley Juergens Wealth Management LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 2.8% in the fourth quarter. Kiley Juergens Wealth Management LLC now owns 11,734 shares of the company’s stock worth $353,000 after acquiring an additional 323 shares during the period. Stratos Wealth Advisors LLC lifted its position in Schwab U.S. Mid-Cap ETF by 1.6% during the fourth quarter. Stratos Wealth Advisors LLC now owns 22,874 shares of the company’s stock valued at $688,000 after purchasing an additional 352 shares during the period. Meriwether Wealth & Planning LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 4.3% in the fourth quarter. Meriwether Wealth & Planning LLC now owns 8,590 shares of the company’s stock worth $258,000 after purchasing an additional 355 shares during the last quarter. Planwiser Financial LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 0.4% in the third quarter. Planwiser Financial LLC now owns 84,941 shares of the company’s stock worth $2,503,000 after purchasing an additional 357 shares during the last quarter. Finally, Bouchey Financial Group Ltd grew its position in Schwab U.S. Mid-Cap ETF by 1.0% in the 3rd quarter. Bouchey Financial Group Ltd now owns 38,980 shares of the company’s stock worth $1,155,000 after purchasing an additional 370 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 1.7%

Shares of SCHM opened at $35.73 on Wednesday. The firm has a market cap of $15.00 billion, a PE ratio of 18.83 and a beta of 1.04. The firm has a fifty day simple moving average of $34.64 and a two-hundred day simple moving average of $32.62. Schwab U.S. Mid-Cap ETF has a 1-year low of $27.52 and a 1-year high of $36.65.

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.