Revolve Wealth Partners LLC Cuts Position in Schwab U.S. Mid-Cap ETF $SCHM

Revolve Wealth Partners LLC lessened its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,164 shares of the company’s stock after selling 2,653 shares during the period. Revolve Wealth Partners LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,034,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHM. Brighton Jones LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 200.4% in the 4th quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock valued at $645,000 after purchasing an additional 15,538 shares in the last quarter. CX Institutional purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter valued at about $78,000. Sound Income Strategies LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 71.3% in the 1st quarter. Sound Income Strategies LLC now owns 3,574 shares of the company’s stock valued at $94,000 after purchasing an additional 1,488 shares in the last quarter. Mission Wealth Management LP increased its stake in Schwab U.S. Mid-Cap ETF by 96.5% during the 1st quarter. Mission Wealth Management LP now owns 18,646 shares of the company’s stock worth $489,000 after buying an additional 9,159 shares in the last quarter. Finally, Grimes & Company Inc. increased its stake in Schwab U.S. Mid-Cap ETF by 3.9% during the 1st quarter. Grimes & Company Inc. now owns 21,860 shares of the company’s stock worth $573,000 after buying an additional 828 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 1.9%

NYSEARCA:SCHM opened at $29.46 on Tuesday. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $30.28. The stock has a 50 day moving average of $29.44 and a two-hundred day moving average of $27.81. The firm has a market cap of $12.11 billion, a P/E ratio of 18.83 and a beta of 1.13.

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.