Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 6.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 186,524 shares of the company’s stock after selling 13,004 shares during the period. JPMorgan Chase & Co.’s holdings in Schwab U.S. Mid-Cap ETF were worth $15,498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SCHM. Northwestern Mutual Wealth Management Co. grew its holdings in Schwab U.S. Mid-Cap ETF by 33.6% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock worth $177,692,000 after acquiring an additional 574,475 shares in the last quarter. Chicago Partners Investment Group LLC grew its stake in Schwab U.S. Mid-Cap ETF by 217.7% in the third quarter. Chicago Partners Investment Group LLC now owns 615,663 shares of the company’s stock worth $51,155,000 after purchasing an additional 421,888 shares in the last quarter. Trinity Legacy Partners LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 217.5% in the third quarter. Trinity Legacy Partners LLC now owns 436,706 shares of the company’s stock valued at $36,286,000 after buying an additional 299,153 shares during the last quarter. Campbell Wealth Management acquired a new stake in Schwab U.S. Mid-Cap ETF during the third quarter valued at approximately $24,509,000. Finally, Cerity Partners LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 14.6% during the 3rd quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock worth $188,180,000 after buying an additional 287,937 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 1.2 %

Shares of SCHM opened at $27.62 on Friday. Schwab U.S. Mid-Cap ETF has a 52 week low of $24.17 and a 52 week high of $30.28. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The stock has a 50 day moving average of $28.74 and a 200-day moving average of $27.52.

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.