May Barnhard Investments LLC decreased its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 33.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 153,340 shares of the company’s stock after selling 78,034 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises approximately 2.0% of May Barnhard Investments LLC’s portfolio, making the stock its 21st biggest holding. May Barnhard Investments LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $4,301,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Stratos Wealth Partners LTD. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 7.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 17,949 shares of the company’s stock valued at $470,000 after acquiring an additional 1,168 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 1st quarter valued at about $191,000. Diversified Trust Co purchased a new stake in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at about $265,000. Brown Advisory Inc. raised its holdings in Schwab U.S. Mid-Cap ETF by 13.8% in the 1st quarter. Brown Advisory Inc. now owns 24,848 shares of the company’s stock valued at $651,000 after buying an additional 3,004 shares during the period. Finally, Golden Reserve Retirement LLC purchased a new stake in Schwab U.S. Mid-Cap ETF in the 1st quarter valued at about $217,000.
Schwab U.S. Mid-Cap ETF Trading Up 0.1%
Shares of SCHM opened at $29.49 on Friday. The firm has a market cap of $12.11 billion, a P/E ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month high of $30.28. The company’s 50-day moving average price is $29.53 and its 200 day moving average price is $27.88.
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.
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Want to see what other hedge funds are holding SCHM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report).
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