Main Street Financial Solutions LLC Cuts Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Main Street Financial Solutions LLC lessened its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 12.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 270,151 shares of the company’s stock after selling 36,919 shares during the period. Main Street Financial Solutions LLC owned about 0.07% of Schwab U.S. Mid-Cap ETF worth $8,123,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 4.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock valued at $328,744,000 after acquiring an additional 459,489 shares during the period. Moneta Group Investment Advisors LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 6.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after acquiring an additional 648,134 shares during the period. Advisory Alpha LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 6.8% in the 3rd quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after acquiring an additional 568,609 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 0.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,748,603 shares of the company’s stock valued at $180,506,000 after acquiring an additional 15,350 shares during the period. Finally, Legacy Wealth Management Inc raised its stake in shares of Schwab U.S. Mid-Cap ETF by 2.7% in the 4th quarter. Legacy Wealth Management Inc now owns 4,319,152 shares of the company’s stock valued at $129,877,000 after acquiring an additional 114,417 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 1.3%

Shares of SCHM stock opened at $35.54 on Thursday. The company’s fifty day simple moving average is $34.33 and its 200-day simple moving average is $32.44. Schwab U.S. Mid-Cap ETF has a 52 week low of $27.10 and a 52 week high of $36.65. The company has a market cap of $14.93 billion, a PE ratio of 18.83 and a beta of 1.04.

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.