Newton One Investments LLC Sells 426 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Newton One Investments LLC lessened its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 0.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,111 shares of the company’s stock after selling 426 shares during the period. Schwab U.S. Mid-Cap ETF makes up 2.1% of Newton One Investments LLC’s portfolio, making the stock its 13th biggest position. Newton One Investments LLC owned approximately 0.05% of Schwab U.S. Mid-Cap ETF worth $5,924,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Cornerstone Wealth Management LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 2.5% in the first quarter. Cornerstone Wealth Management LLC now owns 35,132 shares of the company’s stock valued at $920,000 after buying an additional 867 shares in the last quarter. Clayton Financial Group LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.2% during the first quarter. Clayton Financial Group LLC now owns 89,336 shares of the company’s stock worth $2,341,000 after acquiring an additional 1,921 shares during the period. NBT Bank N A NY lifted its position in Schwab U.S. Mid-Cap ETF by 17.0% in the 1st quarter. NBT Bank N A NY now owns 28,780 shares of the company’s stock valued at $754,000 after acquiring an additional 4,180 shares in the last quarter. Grimes & Company Inc. lifted its position in Schwab U.S. Mid-Cap ETF by 3.9% in the 1st quarter. Grimes & Company Inc. now owns 21,860 shares of the company’s stock valued at $573,000 after acquiring an additional 828 shares in the last quarter. Finally, Mission Wealth Management LP boosted its stake in Schwab U.S. Mid-Cap ETF by 96.5% in the 1st quarter. Mission Wealth Management LP now owns 18,646 shares of the company’s stock worth $489,000 after purchasing an additional 9,159 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 0.8%

SCHM stock opened at $27.24 on Wednesday. The stock has a 50-day moving average price of $26.34 and a two-hundred day moving average price of $27.28. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $30.28. The stock has a market cap of $11.29 billion, a PE ratio of 19.13 and a beta of 1.07.

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.