Schwab U.S. Mid-Cap ETF $SCHM Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC reduced its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 73.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 408,221 shares of the company’s stock after selling 1,135,409 shares during the period. DAVENPORT & Co LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $11,451,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Atwood & Palmer Inc. bought a new stake in Schwab U.S. Mid-Cap ETF during the second quarter valued at $25,000. Creative Capital Management Investments LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $38,000. Roxbury Financial LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at about $39,000. Bulwark Capital Corp acquired a new stake in Schwab U.S. Mid-Cap ETF during the second quarter worth about $58,000. Finally, Webster Bank N. A. bought a new position in Schwab U.S. Mid-Cap ETF in the second quarter worth about $60,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $30.04 on Tuesday. The company has a market cap of $12.34 billion, a P/E ratio of 18.83 and a beta of 1.13. The business has a 50 day moving average of $29.34 and a two-hundred day moving average of $27.72. Schwab U.S. Mid-Cap ETF has a 52 week low of $22.41 and a 52 week high of $30.28.

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.