Schwab U.S. Mid-Cap ETF $SCHM is Arbor Trust Wealth Advisors LLC’s 5th Largest Position

Arbor Trust Wealth Advisors LLC lowered its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 13.4% during the third quarter, HoldingsChannel.com reports. The firm owned 296,455 shares of the company’s stock after selling 45,985 shares during the period. Schwab U.S. Mid-Cap ETF comprises approximately 4.0% of Arbor Trust Wealth Advisors LLC’s holdings, making the stock its 5th biggest holding. Arbor Trust Wealth Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $8,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SCHM. Creative Planning increased its position 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 worth $830,381,000 after purchasing an additional 684,597 shares during the last quarter. HighTower Advisors LLC grew its stake in Schwab U.S. Mid-Cap ETF by 1.9% in the third quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock worth $319,596,000 after purchasing an additional 198,793 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Schwab U.S. Mid-Cap ETF by 25.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock worth $288,136,000 after purchasing an additional 2,070,689 shares in the last quarter. Advisory Alpha LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 14.7% in the second quarter. Advisory Alpha LLC now owns 8,373,700 shares of the company’s stock valued at $234,882,000 after buying an additional 1,072,948 shares during the last quarter. Finally, Legacy Wealth Management Inc raised its stake in Schwab U.S. Mid-Cap ETF by 0.5% during the third quarter. Legacy Wealth Management Inc now owns 4,204,735 shares of the company’s stock valued at $124,628,000 after buying an additional 22,803 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.5%

SCHM stock opened at $32.97 on Monday. The stock’s 50 day simple moving average is $31.58 and its 200 day simple moving average is $30.28. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month high of $33.18. The firm has a market cap of $13.50 billion, a P/E ratio of 18.83 and a beta of 1.08.

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.