Envestnet Asset Management Inc. Sells 837,434 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Envestnet Asset Management Inc. decreased its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 38.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,360,063 shares of the company’s stock after selling 837,434 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $40,312,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of SCHM. Guerra Advisors Inc bought a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $33,000. Geneos Wealth Management Inc. lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 54.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,479 shares of the company’s stock valued at $41,000 after purchasing an additional 519 shares during the period. Mid American Wealth Advisory Group Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter worth $42,000. Grey Fox Wealth Advisors LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth $64,000. Finally, Eastern Bank acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth $70,000.

Schwab U.S. Mid-Cap ETF Trading Up 0.0%

NYSEARCA SCHM opened at $32.77 on Wednesday. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $32.96. The stock has a 50-day simple moving average of $31.21 and a 200 day simple moving average of $30.05. The company has a market capitalization of $13.42 billion, a PE ratio of 18.83 and a beta of 1.08.

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.