HBK Sorce Advisory LLC Sells 26,663 Shares of Schwab U.S. Mid-Cap ETF $SCHM

HBK Sorce Advisory LLC reduced its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 6.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367,102 shares of the company’s stock after selling 26,663 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $10,940,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Denver PWM LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 4.9% in the second quarter. Denver PWM LLC now owns 650,802 shares of the company’s stock valued at $18,255,000 after buying an additional 30,453 shares in the last quarter. Diversified Trust Co bought a new position in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth approximately $265,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth $478,000. Signature Estate & Investment Advisors LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 2.1% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 61,525 shares of the company’s stock valued at $1,726,000 after purchasing an additional 1,292 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 97,709.5% during the 2nd quarter. Franklin Resources Inc. now owns 102,700 shares of the company’s stock valued at $2,881,000 after acquiring an additional 102,595 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM stock opened at $30.65 on Monday. 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 stock’s fifty day moving average price is $29.83 and its two-hundred day moving average price is $29.28. The company has a market cap of $12.45 billion, a PE ratio of 18.83 and a beta of 1.08.

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.