Salem Investment Counselors Inc. trimmed its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 1.1% in the first quarter, HoldingsChannel.com reports. The firm owned 667,206 shares of the company’s stock after selling 7,241 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $17,481,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Oarsman Capital Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Oarsman Capital Inc. now owns 933 shares of the company’s stock worth $26,000 after buying an additional 622 shares during the last quarter. Truvestments Capital LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the 4th quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock valued at $27,000 after buying an additional 656 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,029 shares of the company’s stock worth $29,000 after acquiring an additional 686 shares in the last quarter. Blume Capital Management Inc. lifted its position in Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Blume Capital Management Inc. now owns 1,050 shares of the company’s stock valued at $29,000 after acquiring an additional 700 shares during the last quarter. Finally, Noble Wealth Management PBC purchased a new stake in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $30,000.
Schwab U.S. Mid-Cap ETF Price Performance
NYSEARCA SCHM opened at $27.55 on Friday. The company has a fifty day moving average of $26.13 and a two-hundred day moving average of $27.36. The company has a market capitalization of $11.42 billion, a PE ratio of 19.13 and a beta of 1.07. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year 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.
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Want to see what other hedge funds are holding SCHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report).
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