Cambridge Investment Research Advisors Inc. Reduces Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Cambridge Investment Research Advisors Inc. trimmed its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 3.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 680,120 shares of the company’s stock after selling 24,279 shares during the period. Cambridge Investment Research Advisors Inc. owned about 0.16% of Schwab U.S. Mid-Cap ETF worth $17,819,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Oarsman Capital Inc. increased its stake 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 purchasing an additional 622 shares in the last quarter. Truvestments Capital LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Truvestments Capital LLC now owns 984 shares of the company’s stock worth $27,000 after purchasing an additional 656 shares in the last quarter. Blume Capital Management Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Blume Capital Management Inc. now owns 1,050 shares of the company’s stock worth $29,000 after purchasing an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 686 shares in the last quarter. Finally, Noble Wealth Management PBC purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter worth approximately $30,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM opened at $27.61 on Tuesday. The firm has a 50 day simple moving average of $26.58 and a 200-day simple moving average of $27.20. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $30.28. The stock has a market cap of $11.37 billion, a price-to-earnings ratio of 18.83 and a beta of 1.07.

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.