Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Sold by American Trust

American Trust lowered its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 21.6% during the third quarter, Holdings Channel.com reports. The fund owned 3,264 shares of the company’s stock after selling 901 shares during the quarter. American Trust’s holdings in Schwab U.S. Mid-Cap ETF were worth $271,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF during the 2nd quarter worth approximately $25,000. Cordant Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth $30,000. Chilton Capital Management LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at about $30,000. Archer Investment Corp lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% in the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after buying an additional 393 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV acquired a new position in Schwab U.S. Mid-Cap ETF during the third quarter worth about $41,000.

Schwab U.S. Mid-Cap ETF Trading Up 0.1 %

SCHM stock opened at $27.71 on Thursday. The firm has a 50-day moving average of $28.73 and a two-hundred day moving average of $27.44. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.17 and a 12 month high of $30.28. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

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.