Schwab U.S. Mid-Cap ETF $SCHM Position Decreased by Arbor Trust Wealth Advisors LLC

Arbor Trust Wealth Advisors LLC lessened its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,571 shares of the company’s stock after selling 37,884 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up 3.4% of Arbor Trust Wealth Advisors LLC’s portfolio, making the stock its 7th largest holding. Arbor Trust Wealth Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $7,775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SCHM. Fifth Third Bancorp purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth $30,000. Accredited Wealth Management LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 100.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after buying an additional 502 shares in the last quarter. Ransom Advisory Ltd purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at $32,000. Guerra Advisors Inc purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at $33,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at $36,000.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM opened at $33.95 on Friday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $26.45 and a fifty-two week high of $35.03. The firm’s fifty day moving average is $32.50 and its 200 day moving average is $31.50. The stock has a market cap of $14.26 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.