Smithbridge Asset Management Inc. DE Sells 180,982 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Smithbridge Asset Management Inc. DE reduced its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 79.7% in the second quarter, HoldingsChannel.com reports. The firm owned 46,211 shares of the company’s stock after selling 180,982 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $25,000. Creative Capital Management Investments LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $38,000. Roxbury Financial LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $39,000. Bulwark Capital Corp bought a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $58,000. Finally, Webster Bank N. A. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $60,000.

Schwab U.S. Mid-Cap ETF Stock Down 1.1%

SCHM stock opened at $29.46 on Friday. The firm has a market cap of $12.10 billion, a PE ratio of 18.83 and a beta of 1.13. The business has a 50 day moving average of $29.51 and a 200-day moving average of $27.86. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month high of $30.28.

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.