Schwab U.S. Mid-Cap ETF $SCHM Stock Holdings Lowered by Downshift Financial LLC

by · The Cerbat Gem

Downshift Financial LLC decreased its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 17.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,317 shares of the company’s stock after selling 28,487 shares during the period. Schwab U.S. Mid-Cap ETF makes up 1.9% of Downshift Financial LLC’s portfolio, making the stock its 11th biggest position. Downshift Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $4,467,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of SCHM. Fragasso Financial Advisors Inc lifted its position in Schwab U.S. Mid-Cap ETF by 0.7% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 2,888,481 shares of the company’s stock worth $100,086,000 after acquiring an additional 20,487 shares in the last quarter. Mariner LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 1.8% in the 4th quarter. Mariner LLC now owns 2,204,963 shares of the company’s stock worth $66,304,000 after acquiring an additional 39,511 shares during the period. 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. Envestnet Asset Management Inc. grew its position in Schwab U.S. Mid-Cap ETF by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 1,553,972 shares of the company’s stock valued at $57,157,000 after acquiring an additional 139,644 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in Schwab U.S. Mid-Cap ETF by 9.5% in the first quarter. Cetera Investment Advisers now owns 1,285,570 shares of the company’s stock valued at $39,801,000 after acquiring an additional 111,937 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.0%

Shares of SCHM traded down $0.01 during mid-day trading on Tuesday, reaching $34.50. 2,973,907 shares of the stock traded hands, compared to its average volume of 1,449,059. The firm has a market cap of $14.56 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. The stock has a fifty day simple moving average of $35.33 and a 200 day simple moving average of $34.76. Schwab U.S. Mid-Cap ETF has a 12-month low of $28.25 and a 12-month high of $36.92.

About Schwab U.S. Mid-Cap ETF

(Free Report)

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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