Flagship Harbor Advisors LLC Cuts Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Flagship Harbor Advisors LLC reduced its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 56.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 21,114 shares of the company’s stock after selling 27,338 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $626,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 25.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock worth $288,136,000 after acquiring an additional 2,070,689 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in Schwab U.S. Mid-Cap ETF by 2,708.3% in the third quarter. Thrivent Financial for Lutherans now owns 1,924,641 shares of the company’s stock valued at $57,046,000 after acquiring an additional 1,856,108 shares during the last quarter. Advisory Alpha LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 14.7% during the 2nd quarter. Advisory Alpha LLC now owns 8,373,700 shares of the company’s stock valued at $234,882,000 after buying an additional 1,072,948 shares in the last quarter. Creative Planning grew its position in Schwab U.S. Mid-Cap ETF by 2.4% during the second quarter. Creative Planning now owns 29,603,590 shares of the company’s stock valued at $830,381,000 after acquiring an additional 684,597 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 97.8% during the 2nd quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock valued at $36,187,000 after purchasing an additional 637,571 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 2.9%

NYSEARCA SCHM opened at $32.64 on Friday. The stock has a 50-day moving average of $31.09 and a 200-day moving average of $29.99. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $32.69. The firm has a market cap of $13.37 billion, a PE ratio of 18.83 and a beta of 1.08.

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.