Schwab U.S. Mid-Cap ETF $SCHM Stock Position Trimmed by Downshift Financial LLC

Downshift Financial LLC cut its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 10.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,594 shares of the company’s stock after selling 23,556 shares during the period. Schwab U.S. Mid-Cap ETF comprises about 3.1% of Downshift Financial LLC’s holdings, making the stock its 10th largest position. Downshift Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $6,468,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Valpey Financial Services LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 2,876.4% in the fourth quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock valued at $140,495,000 after purchasing an additional 4,082,734 shares during the last quarter. 93 Financial Group LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at $48,614,000. Financial Planning Navigators CORP acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $22,267,000. Moneta Group Investment Advisors LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 6.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after buying an additional 648,134 shares during the period. Finally, Corient Private Wealth LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 97.8% in the 2nd quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock worth $36,187,000 after acquiring an additional 637,571 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM opened at $36.09 on Tuesday. The firm has a market capitalization of $15.01 billion, a P/E ratio of 18.83 and a beta of 1.03. The firm’s 50 day moving average is $35.15 and its 200-day moving average is $32.99. Schwab U.S. Mid-Cap ETF has a 52-week low of $27.76 and a 52-week high of $36.90.

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.