Schwab U.S. Mid-Cap ETF $SCHM Shares Sold by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC decreased its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 11.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,740 shares of the company’s stock after selling 13,978 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,050,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 200.4% in the 4th quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock valued at $645,000 after purchasing an additional 15,538 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Schwab U.S. Mid-Cap ETF by 194.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock worth $3,187,000 after purchasing an additional 75,941 shares in the last quarter. Brown Advisory Inc. grew its holdings in Schwab U.S. Mid-Cap ETF by 13.8% in the first quarter. Brown Advisory Inc. now owns 24,848 shares of the company’s stock valued at $651,000 after purchasing an additional 3,004 shares during the period. Stratos Wealth Partners LTD. grew its holdings in Schwab U.S. Mid-Cap ETF by 7.0% in the first quarter. Stratos Wealth Partners LTD. now owns 17,949 shares of the company’s stock valued at $470,000 after purchasing an additional 1,168 shares during the period. Finally, High Note Wealth LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 2.9% in the first quarter. High Note Wealth LLC now owns 847,296 shares of the company’s stock valued at $22,199,000 after buying an additional 23,604 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $29.47 on Friday. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $30.31. The company has a market cap of $11.98 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. The stock has a 50 day simple moving average of $29.69 and a 200-day simple moving average of $28.49.

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.