Dynamic Advisor Solutions LLC lessened its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 932,529 shares of the company’s stock after selling 27,331 shares during the period. Schwab U.S. Mid-Cap ETF accounts for approximately 0.8% of Dynamic Advisor Solutions LLC’s holdings, making the stock its 24th largest holding. Dynamic Advisor Solutions LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $27,640,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. raised its holdings in Schwab U.S. Mid-Cap ETF by 25.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock valued at $288,136,000 after buying an additional 2,070,689 shares during the period. Advisory Alpha LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 27.7% during the first quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock valued at $191,211,000 after acquiring an additional 1,581,924 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at approximately $40,844,000. Creative Planning raised its stake in shares of Schwab U.S. Mid-Cap ETF by 2.4% in the 2nd quarter. Creative Planning now owns 29,603,590 shares of the company’s stock valued at $830,381,000 after acquiring an additional 684,597 shares during the period. Finally, Corient Private Wealth LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 97.8% in the 2nd quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock worth $36,187,000 after acquiring an additional 637,571 shares during the last quarter.
Schwab U.S. Mid-Cap ETF Stock Performance
NYSEARCA:SCHM opened at $30.17 on Friday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $22.41 and a fifty-two week high of $30.91. The company has a 50 day moving average price of $29.69 and a 200 day moving average price of $29.11. The stock has a market capitalization of $12.26 billion, a P/E ratio of 18.83 and a beta of 1.08.
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.
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