Schwab U.S. Mid-Cap ETF $SCHM Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 35.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,950,893 shares of the company’s stock after selling 3,831,682 shares during the period. HighTower Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $209,013,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SCHM. Brighton Jones LLC raised its stake in Schwab U.S. Mid-Cap ETF by 200.4% in the fourth quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock valued at $645,000 after buying an additional 15,538 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in Schwab U.S. Mid-Cap ETF by 194.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $3,187,000 after buying an additional 75,941 shares in the last quarter. Royal Bank of Canada raised its stake in Schwab U.S. Mid-Cap ETF by 5.1% in the first quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock valued at $4,042,000 after buying an additional 7,443 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Schwab U.S. Mid-Cap ETF by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock valued at $12,707,000 after buying an additional 4,886 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Schwab U.S. Mid-Cap ETF by 37.4% in the second quarter. Russell Investments Group Ltd. now owns 3,359 shares of the company’s stock valued at $94,000 after buying an additional 915 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Schwab U.S. Mid-Cap ETF stock opened at $33.79 on Tuesday. Schwab U.S. Mid-Cap ETF has a 1-year low of $26.45 and a 1-year high of $35.03. The stock has a market cap of $14.19 billion, a PE ratio of 18.83 and a beta of 1.04. The stock’s fifty day moving average is $32.54 and its two-hundred day moving average is $31.53.

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.