BCS Wealth Management Sells 56,185 Shares of Schwab U.S. Mid-Cap ETF $SCHM

BCS Wealth Management cut its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 49.8% in the 1st quarter, HoldingsChannel reports. The fund owned 56,705 shares of the company’s stock after selling 56,185 shares during the quarter. BCS Wealth Management’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,756,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Accredited Wealth Management LLC lifted its position in Schwab U.S. Mid-Cap ETF by 100.0% in the third quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after purchasing an additional 502 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth approximately $30,000. Kingdom Financial Group LLC. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth approximately $31,000. Ransom Advisory Ltd purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth $32,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth $36,000.

Schwab U.S. Mid-Cap ETF Stock Down 1.7%

NYSEARCA:SCHM opened at $35.73 on Wednesday. The firm has a market capitalization of $15.00 billion, a P/E ratio of 18.83 and a beta of 1.04. The company has a fifty day moving average of $34.64 and a 200 day moving average of $32.62. Schwab U.S. Mid-Cap ETF has a 52 week low of $27.52 and a 52 week high of $36.65.

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.