Cerity Partners LLC Sells 904,308 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Cerity Partners LLC decreased its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 13.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,003,923 shares of the company’s stock after selling 904,308 shares during the quarter. Cerity Partners LLC owned 1.46% of Schwab U.S. Mid-Cap ETF worth $168,410,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SCHM. Hendershot Investments Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 3.2% in the second quarter. Hendershot Investments Inc. now owns 22,653 shares of the company’s stock worth $635,000 after purchasing an additional 697 shares during the last quarter. Baird Financial Group Inc. grew its holdings in Schwab U.S. Mid-Cap ETF by 1.9% during the second quarter. Baird Financial Group Inc. now owns 244,746 shares of the company’s stock worth $6,865,000 after buying an additional 4,553 shares in the last quarter. Beacon Pointe Advisors LLC raised its position in Schwab U.S. Mid-Cap ETF by 0.8% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 1,608,649 shares of the company’s stock valued at $45,123,000 after buying an additional 13,535 shares during the last quarter. Meridian Wealth Partners LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 3.0% during the 2nd quarter. Meridian Wealth Partners LLC now owns 272,675 shares of the company’s stock valued at $7,649,000 after acquiring an additional 7,858 shares in the last quarter. Finally, Patrick M Sweeney & Associates Inc. lifted its stake in Schwab U.S. Mid-Cap ETF by 4.8% during the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 11,399 shares of the company’s stock valued at $327,000 after acquiring an additional 526 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA SCHM opened at $30.31 on Friday. Schwab U.S. Mid-Cap ETF has a 1 year low of $22.41 and a 1 year high of $30.47. The firm has a market cap of $12.32 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. The company has a fifty day moving average price of $29.60 and a 200-day moving average price of $28.92.

About Schwab U.S. Mid-Cap ETF

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.