Modera Wealth Management LLC Sells 31,518 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Modera Wealth Management LLC decreased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 4.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 697,391 shares of the company’s stock after selling 31,518 shares during the period. Modera Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $21,591,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC increased its position in Schwab U.S. Mid-Cap ETF by 41.7% in the 4th quarter. Farther Finance Advisors LLC now owns 538,826 shares of the company’s stock valued at $16,202,000 after buying an additional 158,469 shares in the last quarter. Fragasso Financial Advisors Inc boosted its holdings in Schwab U.S. Mid-Cap ETF by 1.8% in the fourth quarter. Fragasso Financial Advisors Inc now owns 2,980,496 shares of the company’s stock worth $89,624,000 after acquiring an additional 52,432 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 10.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 951,922 shares of the company’s stock worth $30,528,000 after acquiring an additional 93,144 shares in the last quarter. Dorato Capital Management bought a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter worth approximately $2,361,000. Finally, Cassilly Financial Group LLC acquired a new stake in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $1,154,000.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of Schwab U.S. Mid-Cap ETF stock opened at $34.99 on Friday. The stock has a market capitalization of $14.58 billion, a PE ratio of 18.83 and a beta of 1.03. Schwab U.S. Mid-Cap ETF has a 52 week low of $27.76 and a 52 week high of $36.90. The stock has a 50 day moving average price of $35.40 and a two-hundred day moving average price of $33.28.

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.