Schwab U.S. Mid-Cap ETF $SCHM Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC lowered its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 73.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 408,221 shares of the company’s stock after selling 1,135,409 shares during the quarter. DAVENPORT & Co LLC owned 0.10% of Schwab U.S. Mid-Cap ETF worth $11,451,000 at the end of the most recent quarter.

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

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of NYSEARCA:SCHM opened at $30.04 on Tuesday. The firm has a market cap of $12.34 billion, a PE ratio of 18.83 and a beta of 1.13. The company has a fifty day simple moving average of $29.34 and a 200 day simple moving average of $27.72. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month 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.