Zhang Financial LLC Sells 1,860 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Zhang Financial LLC cut its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHMGet Rating) by 17.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,645 shares of the company’s stock after selling 1,860 shares during the quarter. Zhang Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $542,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Financial Engines Advisors L.L.C. grew its position in Schwab U.S. Mid-Cap ETF by 8.8% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 10,996,483 shares of the company’s stock worth $834,193,000 after acquiring an additional 890,148 shares during the last quarter. American Trust purchased a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter worth approximately $48,166,000. Advisory Alpha LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 38.0% in the 1st quarter. Advisory Alpha LLC now owns 1,257,408 shares of the company’s stock worth $95,392,000 after buying an additional 346,260 shares during the period. Beacon Pointe Advisors LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 139.1% in the 1st quarter. Beacon Pointe Advisors LLC now owns 495,610 shares of the company’s stock worth $37,597,000 after buying an additional 288,310 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 8.1% in the 1st quarter. HighTower Advisors LLC now owns 3,584,497 shares of the company’s stock worth $271,924,000 after buying an additional 268,311 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 2.2 %

NYSEARCA SCHM opened at $62.91 on Friday. The stock has a 50 day simple moving average of $68.21 and a two-hundred day simple moving average of $69.19. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $60.53 and a fifty-two week high of $83.73.

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Institutional Ownership by Quarter for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

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