Beaumont Financial Advisors LLC Lowers Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

Beaumont Financial Advisors LLC trimmed its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 4.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 60,276 shares of the company’s stock after selling 2,574 shares during the period. Beaumont Financial Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,691,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Stratos Wealth Partners LTD. increased its holdings in Schwab U.S. Mid-Cap ETF by 7.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 17,949 shares of the company’s stock valued at $470,000 after purchasing an additional 1,168 shares during the last quarter. N.E.W. Advisory Services LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the first quarter worth $191,000. Brown Advisory Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 13.8% during the first quarter. Brown Advisory Inc. now owns 24,848 shares of the company’s stock worth $651,000 after buying an additional 3,004 shares during the period. Golden Reserve Retirement LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the first quarter valued at $217,000. Finally, Northern Trust Corp raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 562.8% in the 4th quarter. Northern Trust Corp now owns 16,470 shares of the company’s stock valued at $456,000 after buying an additional 13,985 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Down 0.9%

SCHM opened at $29.29 on Friday. The stock’s 50-day moving average price is $29.22 and its 200 day moving average price is $27.53. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month high of $30.28. The firm has a market cap of $12.07 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13.

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.