Northeast Financial Group Inc. cut its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 9.3% during the 1st quarter, Holdings Channel reports. The fund owned 807,726 shares of the company’s stock after selling 82,706 shares during the period. Schwab U.S. Mid-Cap ETF comprises approximately 6.2% of Northeast Financial Group Inc.’s investment portfolio, making the stock its 2nd largest position. Northeast Financial Group Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $25,012,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Valpey Financial Services LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 2,876.4% during the 4th quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock worth $140,495,000 after purchasing an additional 4,082,734 shares in the last quarter. 93 Financial Group LLC acquired a new stake in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $48,614,000. Financial Planning Navigators CORP acquired a new stake in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $22,267,000. Moneta Group Investment Advisors LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 6.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after acquiring an additional 648,134 shares in the last quarter. Finally, Corient Private Wealth LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 97.8% during the second quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock worth $36,187,000 after purchasing an additional 637,571 shares during the period.
Schwab U.S. Mid-Cap ETF Price Performance
Shares of SCHM opened at $34.99 on Monday. The business’s fifty day moving average is $35.46 and its 200 day moving average is $33.47. Schwab U.S. Mid-Cap ETF has a 12-month low of $27.76 and a 12-month high of $36.90. The stock has a market cap of $14.59 billion, a P/E ratio of 18.83 and a beta of 1.03.
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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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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