Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Sold by Pillar Wealth Advisors LLC

Pillar Wealth Advisors LLC lessened its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 7.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 122,239 shares of the company’s stock after selling 10,231 shares during the period. Schwab U.S. Mid-Cap ETF comprises approximately 7.1% of Pillar Wealth Advisors LLC’s portfolio, making the stock its 3rd largest position. Pillar Wealth Advisors LLC owned 0.09% of Schwab U.S. Mid-Cap ETF worth $9,207,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. WestHill Financial Advisors Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth $28,000. Fifth Third Bancorp grew its stake in shares of Schwab U.S. Mid-Cap ETF by 1,285.7% in the third quarter. Fifth Third Bancorp now owns 485 shares of the company’s stock worth $33,000 after acquiring an additional 450 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth $37,000. North Star Investment Management Corp. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter worth $39,000. Finally, VisionPoint Advisory Group LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 10,957.1% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 774 shares of the company’s stock worth $52,000 after purchasing an additional 767 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of Schwab U.S. Mid-Cap ETF stock traded down $1.42 during trading on Tuesday, hitting $76.47. 208,879 shares of the stock were exchanged, compared to its average volume of 315,194. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 16.71 and a beta of 1.09. The firm’s 50-day moving average price is $78.53 and its 200 day moving average price is $73.86. Schwab U.S. Mid-Cap ETF has a 12-month low of $62.87 and a 12-month 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.