B. Riley Wealth Advisors Inc. Trims Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

B. Riley Wealth Advisors Inc. cut its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 14.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,586 shares of the company’s stock after selling 2,332 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,023,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Cerity Partners LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 1,509.2% in the 4th quarter. Cerity Partners LLC now owns 18,943,319 shares of the company’s stock valued at $1,426,811,000 after acquiring an additional 17,766,110 shares during the period. Sheets Smith Wealth Management raised its stake in shares of Schwab U.S. Mid-Cap ETF by 1,864.1% in the 4th quarter. Sheets Smith Wealth Management now owns 448,039 shares of the company’s stock valued at $33,746,000 after acquiring an additional 425,228 shares during the period. Advocacy Wealth Management Services LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at approximately $26,898,000. Trust Point Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at approximately $16,609,000. Finally, Lido Advisors LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 144.8% in the 3rd quarter. Lido Advisors LLC now owns 331,156 shares of the company’s stock valued at $22,413,000 after acquiring an additional 195,868 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Performance

Schwab U.S. Mid-Cap ETF stock opened at $77.97 on Friday. The company’s 50 day simple moving average is $78.32 and its 200-day simple moving average is $76.96. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 1 year low of $62.87 and a 1 year high of $81.74.

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.