Northern Capital Management Inc. Trims Holdings in Schwab U.S. Mid-Cap ETF $SCHM

Northern Capital Management Inc. lowered its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 208,079 shares of the company’s stock after selling 5,219 shares during the period. Schwab U.S. Mid-Cap ETF comprises about 3.4% of Northern Capital Management Inc.’s investment portfolio, making the stock its 5th biggest position. Northern Capital Management Inc. owned 0.05% of Schwab U.S. Mid-Cap ETF worth $5,837,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Stratos Wealth Partners LTD. boosted its position in 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 buying an additional 1,168 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in Schwab U.S. Mid-Cap ETF during the 1st quarter valued at $191,000. Diversified Trust Co purchased a new stake in Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at $265,000. Brown Advisory Inc. boosted its position in Schwab U.S. Mid-Cap ETF by 13.8% during 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 during the 1st quarter valued at $217,000.

Schwab U.S. Mid-Cap ETF Stock Up 0.1%

Shares of SCHM opened at $29.49 on Friday. The stock has a market capitalization of $12.11 billion, a P/E ratio of 18.83 and a beta of 1.13. The firm has a fifty day simple moving average of $29.53 and a two-hundred day simple moving average of $27.89. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve 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.