LPL Financial LLC Sells 2,579 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

LPL Financial LLC cut its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 515,979 shares of the company’s stock after selling 2,579 shares during the period. LPL Financial LLC owned 0.36% of Schwab U.S. Mid-Cap ETF worth $40,159,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter worth $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 75.9% in the first quarter. EverSource Wealth Advisors LLC now owns 343 shares of the company’s stock worth $26,000 after purchasing an additional 148 shares in the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter worth $30,000. Valued Wealth Advisors LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 3,900.0% in the first quarter. Valued Wealth Advisors LLC now owns 400 shares of the company’s stock worth $33,000 after purchasing an additional 390 shares in the last quarter. Finally, Institutional & Family Asset Management LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 500.0% in the second quarter. Institutional & Family Asset Management LLC now owns 432 shares of the company’s stock worth $34,000 after purchasing an additional 360 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA SCHM opened at $80.69 on Monday. The firm has a fifty day moving average price of $79.40 and a 200-day moving average price of $78.93. The stock has a market cap of $11.57 billion, a PE 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 $82.28.

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.