Schwab U.S. Mid-Cap ETF $SCHM Shares Sold by Penobscot Investment Management Company Inc.

Penobscot Investment Management Company Inc. lessened its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 9.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,810 shares of the company’s stock after selling 1,070 shares during the quarter. Penobscot Investment Management Company Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $275,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. EP Wealth Advisors LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 1.1% during the 1st quarter. EP Wealth Advisors LLC now owns 36,924 shares of the company’s stock worth $967,000 after purchasing an additional 386 shares during the period. Citizens Financial Group Inc. RI grew its position in Schwab U.S. Mid-Cap ETF by 0.3% during the first quarter. Citizens Financial Group Inc. RI now owns 135,348 shares of the company’s stock valued at $3,546,000 after buying an additional 398 shares during the period. LifePlan Financial LLC grew its position in Schwab U.S. Mid-Cap ETF by 2.3% during the second quarter. LifePlan Financial LLC now owns 21,228 shares of the company’s stock valued at $595,000 after buying an additional 470 shares during the period. Alpha Omega Wealth Management LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 0.3% in the second quarter. Alpha Omega Wealth Management LLC now owns 144,463 shares of the company’s stock valued at $4,052,000 after buying an additional 482 shares in the last quarter. Finally, Morris Financial Concepts Inc. raised its position in shares of Schwab U.S. Mid-Cap ETF by 21.0% in the first quarter. Morris Financial Concepts Inc. now owns 2,977 shares of the company’s stock worth $78,000 after acquiring an additional 517 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Up 0.4%

Shares of SCHM stock opened at $30.04 on Friday. The company has a market capitalization of $12.34 billion, a P/E ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month high of $30.28. The business’s 50 day moving average is $29.32 and its two-hundred day moving average is $27.68.

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.