Newton One Investments LLC Cuts Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Newton One Investments LLC lowered its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 226,537 shares of the company’s stock after selling 6,719 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up 2.4% of Newton One Investments LLC’s portfolio, making the stock its 12th biggest position. Newton One Investments LLC owned 0.16% of Schwab U.S. Mid-Cap ETF worth $6,277,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bush Investment Group LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.5% during the 3rd quarter. Bush Investment Group LLC now owns 128,379 shares of the company’s stock valued at $10,667,000 after purchasing an additional 673 shares during the last quarter. Denver PWM LLC increased its position in Schwab U.S. Mid-Cap ETF by 2.8% during the 3rd quarter. Denver PWM LLC now owns 204,460 shares of the company’s stock valued at $16,989,000 after buying an additional 5,553 shares in the last quarter. Anchor Investment Management LLC increased its position in Schwab U.S. Mid-Cap ETF by 1.6% during the 3rd quarter. Anchor Investment Management LLC now owns 70,223 shares of the company’s stock valued at $5,835,000 after buying an additional 1,136 shares in the last quarter. World Investment Advisors LLC raised its stake in Schwab U.S. Mid-Cap ETF by 10.5% in the third quarter. World Investment Advisors LLC now owns 7,893 shares of the company’s stock valued at $656,000 after buying an additional 747 shares during the last quarter. Finally, Synovus Financial Corp boosted its holdings in Schwab U.S. Mid-Cap ETF by 100.0% in the third quarter. Synovus Financial Corp now owns 15,250 shares of the company’s stock worth $1,267,000 after acquiring an additional 7,626 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 1.0 %

NYSEARCA:SCHM opened at $28.64 on Tuesday. The company’s 50 day moving average is $28.73 and its two-hundred day moving average is $27.83. The company has a market cap of $4.11 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a twelve month low of $24.54 and a twelve month high of $30.28.

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.