May Barnhard Investments LLC Cuts Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

May Barnhard Investments LLC lessened its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 20.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,566 shares of the company’s stock after selling 31,774 shares during the period. Schwab U.S. Mid-Cap ETF makes up about 1.7% of May Barnhard Investments LLC’s investment portfolio, making the stock its 23rd largest holding. May Barnhard Investments LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,603,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Denver PWM LLC increased its stake in Schwab U.S. Mid-Cap ETF by 4.9% during the 2nd quarter. Denver PWM LLC now owns 650,802 shares of the company’s stock valued at $18,255,000 after purchasing an additional 30,453 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter valued at approximately $727,000. Belpointe Asset Management LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 85.8% during the third quarter. Belpointe Asset Management LLC now owns 45,867 shares of the company’s stock valued at $1,359,000 after acquiring an additional 21,177 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter valued at approximately $478,000. Finally, Seneca Financial Advisors LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 16.8% in the 3rd quarter. Seneca Financial Advisors LLC now owns 696,167 shares of the company’s stock worth $20,634,000 after acquiring an additional 100,076 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 1.7%

SCHM stock opened at $32.20 on Friday. The stock’s 50 day simple moving average is $31.30 and its 200 day simple moving average is $30.09. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month high of $33.13. The stock has a market capitalization of $13.19 billion, a PE ratio of 18.83 and a beta of 1.08.

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.