Whittier Trust Co. Decreases Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Whittier Trust Co. trimmed its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 15.9% during the first quarter, HoldingsChannel reports. The firm owned 237,669 shares of the company’s stock after selling 44,827 shares during the quarter. Whittier Trust Co.’s holdings in Schwab U.S. Mid-Cap ETF were worth $7,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brighton Jones LLC raised its position in Schwab U.S. Mid-Cap ETF by 200.4% in the fourth quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after acquiring an additional 15,538 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 194.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $3,187,000 after acquiring an additional 75,941 shares during the period. Royal Bank of Canada grew its position in shares of Schwab U.S. Mid-Cap ETF by 5.1% during the 1st quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock valued at $4,042,000 after acquiring an additional 7,443 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 1.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock worth $12,707,000 after purchasing an additional 4,886 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Schwab U.S. Mid-Cap ETF by 37.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 3,359 shares of the company’s stock worth $94,000 after purchasing an additional 915 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 1.8%

Shares of NYSEARCA:SCHM traded down $0.64 during mid-day trading on Tuesday, reaching $35.45. The company had a trading volume of 209,803 shares, compared to its average volume of 1,326,423. Schwab U.S. Mid-Cap ETF has a one year low of $27.76 and a one year high of $36.90. The company’s 50-day moving average price is $35.15 and its 200-day moving average price is $32.99. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 18.83 and a beta of 1.03.

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.