Keyvantage Wealth LLC Lowers Stock Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Keyvantage Wealth LLC lowered its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 3.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 47,547 shares of the company’s stock after selling 1,763 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up 0.6% of Keyvantage Wealth LLC’s portfolio, making the stock its 27th biggest position. Keyvantage Wealth LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cetera Investment Advisers boosted its holdings in Schwab U.S. Mid-Cap ETF by 15.5% in the second quarter. Cetera Investment Advisers now owns 560,658 shares of the company’s stock worth $15,726,000 after acquiring an additional 75,112 shares in the last quarter. Creative Planning raised its position in shares of Schwab U.S. Mid-Cap ETF by 2.4% in the 2nd quarter. Creative Planning now owns 29,603,590 shares of the company’s stock worth $830,381,000 after purchasing an additional 684,597 shares during the last quarter. Foundations Investment Advisors LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 17.5% in the 2nd quarter. Foundations Investment Advisors LLC now owns 24,981 shares of the company’s stock worth $701,000 after purchasing an additional 3,714 shares in the last quarter. Advyzon Investment Management LLC purchased a new stake in Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at about $381,000. Finally, IMA Advisory Services Inc. grew its position in Schwab U.S. Mid-Cap ETF by 0.7% during the 2nd quarter. IMA Advisory Services Inc. now owns 446,152 shares of the company’s stock valued at $12,515,000 after purchasing an additional 3,049 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $29.16 on Friday. The company has a 50-day simple moving average of $29.69 and a two-hundred day simple moving average of $28.61. The stock has a market capitalization of $11.85 billion, a PE ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $30.31.

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.