Lido Advisors LLC reduced its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 4.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 304,739 shares of the company’s stock after selling 14,908 shares during the period. Lido Advisors LLC owned 0.07% of Schwab U.S. Mid-Cap ETF worth $9,077,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp acquired a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth about $30,000. Accredited Wealth Management LLC increased its position in Schwab U.S. Mid-Cap ETF by 100.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock worth $30,000 after purchasing an additional 502 shares during the last quarter. Kingdom Financial Group LLC. acquired a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter worth about $31,000. Ransom Advisory Ltd acquired a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter worth about $32,000. Finally, International Assets Investment Management LLC acquired a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter worth about $36,000.
Schwab U.S. Mid-Cap ETF Price Performance
Shares of SCHM stock opened at $34.83 on Friday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $27.05 and a fifty-two week high of $35.85. The stock’s 50-day moving average is $33.60 and its two-hundred day moving average is $32.06. The firm has a market cap of $14.63 billion, a P/E ratio of 18.83 and a beta of 1.04.
Schwab U.S. Mid-Cap ETF 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.
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