Arbor Trust Wealth Advisors LLC Sells 45,985 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Arbor Trust Wealth Advisors LLC decreased its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 13.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 296,455 shares of the company’s stock after selling 45,985 shares during the period. Schwab U.S. Mid-Cap ETF comprises 4.0% of Arbor Trust Wealth Advisors LLC’s portfolio, making the stock its 5th largest holding. Arbor Trust Wealth Advisors LLC owned 0.07% of Schwab U.S. Mid-Cap ETF worth $8,787,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 200.4% during the 4th quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after purchasing an additional 15,538 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 194.4% in the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $3,187,000 after purchasing an additional 75,941 shares during the period. Royal Bank of Canada boosted its holdings in Schwab U.S. Mid-Cap ETF by 5.1% during the first quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock worth $4,042,000 after buying an additional 7,443 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Schwab U.S. Mid-Cap ETF by 1.0% during the first quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock worth $12,707,000 after buying an additional 4,886 shares during the period. Finally, Carnegie Investment Counsel purchased a new position in Schwab U.S. Mid-Cap ETF in the second quarter valued at about $202,000.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA SCHM opened at $32.97 on Monday. Schwab U.S. Mid-Cap ETF has a 1-year low of $22.41 and a 1-year high of $33.18. The company has a market capitalization of $13.50 billion, a P/E ratio of 18.83 and a beta of 1.08. The business has a 50 day moving average price of $31.58 and a 200 day moving average price 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.