Smith Anglin Financial LLC Sells 3,643 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Smith Anglin Financial LLC cut its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,088 shares of the company’s stock after selling 3,643 shares during the quarter. Smith Anglin Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,461,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. SWS Partners raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.5% in the 2nd quarter. SWS Partners now owns 75,247 shares of the company’s stock valued at $2,111,000 after purchasing an additional 1,809 shares during the period. Financial Designs Corp bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $236,000. Avior Wealth Management LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.5% in the 2nd quarter. Avior Wealth Management LLC now owns 334,624 shares of the company’s stock valued at $9,386,000 after purchasing an additional 1,795 shares during the period. XY Planning Network Inc. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 10.2% in the 2nd quarter. XY Planning Network Inc. now owns 11,664 shares of the company’s stock valued at $327,000 after purchasing an additional 1,077 shares during the period. Finally, Charles Schwab Trust Co bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $208,000.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock opened at $29.61 on Monday. The firm’s 50-day moving average is $29.24 and its 200-day moving average is $27.58. The stock has a market cap of $12.20 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $30.28.

Schwab U.S. Mid-Cap ETF Company 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.