Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Position Reduced by Gradient Capital Advisors LLC

Gradient Capital Advisors LLC lessened its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.6% during the first quarter, Holdings Channel.com reports. The firm owned 98,798 shares of the company’s stock after selling 1,653 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for 3.0% of Gradient Capital Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Gradient Capital Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $8,045,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Cornerstone Wealth Group LLC purchased a new position in Schwab U.S. Mid-Cap ETF in the 1st quarter worth $1,938,000. Richardson Capital Management LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 113,274.1% in the first quarter. Richardson Capital Management LLC now owns 166,660 shares of the company’s stock valued at $13,571,000 after acquiring an additional 166,513 shares during the period. Alpha Omega Wealth Management LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 0.6% in the first quarter. Alpha Omega Wealth Management LLC now owns 49,488 shares of the company’s stock valued at $4,030,000 after acquiring an additional 300 shares during the period. Newton One Investments LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 1.8% in the first quarter. Newton One Investments LLC now owns 231,078 shares of the company’s stock valued at $18,817,000 after acquiring an additional 4,147 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 5.3% in the first quarter. Moisand Fitzgerald Tamayo LLC now owns 377,757 shares of the company’s stock valued at $30,761,000 after acquiring an additional 18,888 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Up 0.2 %

Shares of SCHM stock traded up $0.19 during mid-day trading on Friday, reaching $77.83. The stock had a trading volume of 226,106 shares, compared to its average volume of 301,589. The stock’s 50-day moving average price is $78.51 and its two-hundred day moving average price is $77.28. Schwab U.S. Mid-Cap ETF has a 52-week low of $62.87 and a 52-week high of $81.74. The firm has a market capitalization of $11.16 billion, a PE ratio of 16.47 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF Company 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.