Red Mountain Financial LLC trimmed its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 62.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,039 shares of the company’s stock after selling 16,913 shares during the period. Red Mountain Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $282,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. bought a new position in Schwab U.S. Mid-Cap ETF during the second quarter valued at about $25,000. Roxbury Financial LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at approximately $39,000. Bulwark Capital Corp bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at approximately $58,000. Webster Bank N. A. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at approximately $60,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 467.1% in the 1st quarter. Russell Investments Group Ltd. now owns 2,444 shares of the company’s stock valued at $64,000 after purchasing an additional 2,013 shares during the period.
Schwab U.S. Mid-Cap ETF Trading Up 0.5%
SCHM stock opened at $29.91 on Friday. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $30.28. The firm has a market cap of $12.32 billion, a P/E ratio of 18.83 and a beta of 1.13. The business’s 50 day moving average is $29.31 and its 200-day moving average is $27.65.
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.
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