CHB Investment Group LLC Decreases Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

CHB Investment Group LLC lowered its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 4.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 48,248 shares of the company’s stock after selling 2,070 shares during the period. CHB Investment Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,264,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SCHM. Financial Engines Advisors L.L.C. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 129.1% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock worth $1,646,017,000 after acquiring an additional 33,472,238 shares during the period. HighTower Advisors LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 209.3% during the fourth quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after buying an additional 6,819,239 shares in the last quarter. Cerity Partners LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 196.5% during the fourth quarter. Cerity Partners LLC now owns 6,714,292 shares of the company’s stock worth $186,110,000 after buying an additional 4,449,523 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 198.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,089,280 shares of the company’s stock worth $168,734,000 after buying an additional 4,046,898 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth about $67,051,000.

Schwab U.S. Mid-Cap ETF Stock Down 1.5%

SCHM stock opened at $27.14 on Monday. The business has a 50 day moving average price of $26.21 and a 200 day moving average price of $27.30. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of 19.13 and a beta of 1.07. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $22.41 and a fifty-two week 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.