Schwab U.S. Mid-Cap ETF $SCHM Shares Sold by Parsons Capital Management Inc. RI

Parsons Capital Management Inc. RI trimmed its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,554 shares of the company’s stock after selling 495 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Schwab U.S. Mid-Cap ETF were worth $464,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SCHM. Stratos Wealth Partners LTD. grew its holdings in Schwab U.S. Mid-Cap ETF by 7.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 17,949 shares of the company’s stock valued at $470,000 after buying an additional 1,168 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the first quarter valued at about $191,000. Diversified Trust Co acquired a new stake in Schwab U.S. Mid-Cap ETF during the second quarter worth about $265,000. Brown Advisory Inc. raised its stake in Schwab U.S. Mid-Cap ETF by 13.8% during the first quarter. Brown Advisory Inc. now owns 24,848 shares of the company’s stock worth $651,000 after purchasing an additional 3,004 shares during the period. Finally, Golden Reserve Retirement LLC acquired a new position in Schwab U.S. Mid-Cap ETF in the 1st quarter valued at about $217,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM opened at $30.04 on Friday. The company has a market capitalization of $12.34 billion, a P/E ratio of 18.83 and a beta of 1.13. The company has a 50 day simple moving average of $29.32 and a 200-day simple moving average of $27.68. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $30.28.

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.