Exchange Capital Management Inc. Sells 14,023 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Exchange Capital Management Inc. lessened its position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 16.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,492 shares of the company’s stock after selling 14,023 shares during the period. Exchange Capital Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $5,740,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Perigon Wealth Management LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 0.3% in the fourth quarter. Perigon Wealth Management LLC now owns 40,271 shares of the company’s stock valued at $3,033,000 after buying an additional 136 shares during the period. Carnegie Capital Asset Management LLC raised its position in Schwab U.S. Mid-Cap ETF by 2.5% during the fourth quarter. Carnegie Capital Asset Management LLC now owns 5,597 shares of the company’s stock valued at $422,000 after purchasing an additional 136 shares in the last quarter. Benjamin Edwards Inc. raised its position in Schwab U.S. Mid-Cap ETF by 13.6% during the fourth quarter. Benjamin Edwards Inc. now owns 1,153 shares of the company’s stock valued at $87,000 after purchasing an additional 138 shares in the last quarter. Contravisory Investment Management Inc. raised its position in Schwab U.S. Mid-Cap ETF by 21.0% during the first quarter. Contravisory Investment Management Inc. now owns 818 shares of the company’s stock valued at $67,000 after purchasing an additional 142 shares in the last quarter. Finally, Arlington Financial Advisors LLC raised its position in Schwab U.S. Mid-Cap ETF by 1.0% during the fourth quarter. Arlington Financial Advisors LLC now owns 17,480 shares of the company’s stock valued at $1,317,000 after purchasing an additional 168 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM traded up $0.15 during trading on Tuesday, hitting $77.24. 169,834 shares of the stock traded hands, compared to its average volume of 303,839. Schwab U.S. Mid-Cap ETF has a twelve month low of $62.87 and a twelve month high of $81.74. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The business has a 50 day moving average price of $78.52 and a 200 day moving average price of $77.33.

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.