New York Life Investment Management LLC Sells 49,933 Shares of Schwab U.S. Mid-Cap ETF $SCHM

New York Life Investment Management LLC decreased its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 25.5% during the fourth quarter, HoldingsChannel reports. The firm owned 145,828 shares of the company’s stock after selling 49,933 shares during the quarter. New York Life Investment Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $4,385,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SCHM. Thrivent Financial for Lutherans raised its position in shares of Schwab U.S. Mid-Cap ETF by 2,708.3% in the third quarter. Thrivent Financial for Lutherans now owns 1,924,641 shares of the company’s stock valued at $57,046,000 after purchasing an additional 1,856,108 shares during the period. Financial Planning Navigators CORP bought a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $22,267,000. Corient Private Wealth LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 97.8% in the second quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock valued at $36,187,000 after purchasing an additional 637,571 shares during the period. Advisory Alpha LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 6.8% in the third quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after purchasing an additional 568,609 shares during the period. Finally, Moneta Group Investment Advisors LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 5.9% in the third quarter. Moneta Group Investment Advisors LLC now owns 10,021,294 shares of the company’s stock valued at $297,031,000 after purchasing an additional 555,701 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA:SCHM opened at $33.95 on Monday. Schwab U.S. Mid-Cap ETF has a 12 month low of $26.45 and a 12 month high of $35.03. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. The company’s 50 day moving average is $32.50 and its 200-day moving average is $31.51.

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.