Legacy Wealth Management Inc Lowers Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Legacy Wealth Management Inc trimmed its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHMFree Report) by 3.8% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,347,894 shares of the company’s stock after selling 53,390 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises approximately 8.1% of Legacy Wealth Management Inc’s portfolio, making the stock its 6th biggest position. Legacy Wealth Management Inc owned about 0.97% of Schwab U.S. Mid-Cap ETF worth $109,759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. West Coast Financial LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 52.6% during the first quarter. West Coast Financial LLC now owns 5,800 shares of the company’s stock valued at $472,000 after purchasing an additional 2,000 shares during the period. Nova R Wealth Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF in the 1st quarter worth approximately $960,000. Capital Planning LLC raised its stake in Schwab U.S. Mid-Cap ETF by 14.2% during the 1st quarter. Capital Planning LLC now owns 20,750 shares of the company’s stock worth $1,690,000 after acquiring an additional 2,584 shares during the period. Harbor Investment Advisory LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 733.9% during the first quarter. Harbor Investment Advisory LLC now owns 2,727 shares of the company’s stock valued at $222,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Financial Synergies Wealth Advisors Inc. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 6.6% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 74,566 shares of the company’s stock worth $6,072,000 after purchasing an additional 4,617 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock traded down $0.68 on Tuesday, hitting $77.87. 176,083 shares of the stock traded hands, compared to its average volume of 302,863. Schwab U.S. Mid-Cap ETF has a 52 week low of $62.87 and a 52 week high of $81.74. The firm has a 50 day simple moving average of $78.37 and a two-hundred day simple moving average of $77.15. The firm has a market cap of $11.16 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

About Schwab U.S. Mid-Cap ETF

(Free Report)

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.

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Institutional Ownership by Quarter for Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

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