MBE Wealth Management LLC Sells 1,836 Shares of Schwab U.S. Mid-Cap ETF $SCHM

MBE Wealth Management LLC cut its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 12.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,231 shares of the company’s stock after selling 1,836 shares during the quarter. MBE Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Stratos Wealth Partners LTD. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 7.0% in the first quarter. Stratos Wealth Partners LTD. now owns 17,949 shares of the company’s stock worth $470,000 after buying 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 in the first quarter worth approximately $191,000. Brown Advisory Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 13.8% in 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 last quarter. Golden Reserve Retirement LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the first quarter worth approximately $217,000. Finally, Northern Trust Corp boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 562.8% in the fourth quarter. Northern Trust Corp now owns 16,470 shares of the company’s stock worth $456,000 after buying an additional 13,985 shares during the last quarter.

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

SCHM opened at $29.29 on Friday. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13. The company’s 50 day moving average is $29.22 and its 200 day moving average 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.

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.