92,993 Schwab U.S. Mid-Cap ETF $SCHM Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC lowered its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 5.1% during the third quarter, HoldingsChannel reports. The firm owned 1,737,989 shares of the company’s stock after selling 92,993 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $59,126,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fragasso Financial Advisors Inc boosted its stake in Schwab U.S. Mid-Cap ETF by 0.7% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 2,888,481 shares of the company’s stock worth $100,086,000 after purchasing an additional 20,487 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 9.9% during the second quarter. Envestnet Asset Management Inc. now owns 1,553,972 shares of the company’s stock worth $57,157,000 after buying an additional 139,644 shares in the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 5.2% in the second quarter. Dynamic Advisor Solutions LLC now owns 1,198,872 shares of the company’s stock valued at $44,202,000 after buying an additional 59,632 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Schwab U.S. Mid-Cap ETF by 9.5% in the first quarter. Cetera Investment Advisers now owns 1,285,570 shares of the company’s stock valued at $39,801,000 after buying an additional 111,937 shares during the last quarter. Finally, Financial Solutions Advisory Group Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the first quarter valued at about $39,615,000.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM traded up $0.38 during midday trading on Tuesday, hitting $34.53. The company’s stock had a trading volume of 1,437,824 shares, compared to its average volume of 1,480,080. The business’s 50 day simple moving average is $35.17 and its 200 day simple moving average is $34.89. The company has a market cap of $14.59 billion, a P/E ratio of 18.83 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a 12-month low of $28.25 and a 12-month high of $36.92.

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.