Prime Capital Investment Advisors LLC Sells 905,928 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Prime Capital Investment Advisors LLC lowered its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 30.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,066,956 shares of the company’s stock after selling 905,928 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $57,978,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of SCHM. Advisory Alpha LLC grew its position in Schwab U.S. Mid-Cap ETF by 27.7% during the first quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock worth $191,211,000 after buying an additional 1,581,924 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at about $40,844,000. Dynamic Advisor Solutions LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the 1st quarter valued at about $24,197,000. Northwestern Mutual Wealth Management Co. increased its stake in Schwab U.S. Mid-Cap ETF by 8.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock valued at $214,880,000 after acquiring an additional 616,733 shares during the period. Finally, Jones Financial Companies Lllp raised its position in Schwab U.S. Mid-Cap ETF by 28.6% in the first quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock worth $43,409,000 after purchasing an additional 368,908 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.4%

NYSEARCA SCHM opened at $30.04 on Monday. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $30.28. The company has a market capitalization of $12.34 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13. The stock’s 50 day moving average is $29.32 and its two-hundred day moving average is $27.69.

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.