Flavin Financial Services Inc. Cuts Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Flavin Financial Services Inc. cut its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 34.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,152 shares of the company’s stock after selling 4,252 shares during the quarter. Flavin Financial Services Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $229,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atwood & Palmer Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at $25,000. Creative Capital Management Investments LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at $38,000. Roxbury Financial LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at $39,000. Bulwark Capital Corp purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at $58,000. Finally, Webster Bank N. A. purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at $60,000.

Schwab U.S. Mid-Cap ETF Stock Performance

SCHM stock opened at $29.49 on Friday. The firm has a fifty day moving average price of $29.53 and a 200 day moving average price of $27.89. The firm has a market cap of $12.11 billion, a PE ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $22.41 and a fifty-two week high of $30.28.

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.