Safeguard Financial LLC Reduces Stock Position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Safeguard Financial LLC lessened its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 0.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 50,581 shares of the company’s stock after selling 241 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up approximately 1.4% of Safeguard Financial LLC’s investment portfolio, making the stock its 10th largest position. Safeguard Financial LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $3,810,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Moneta Group Investment Advisors LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 132,115.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 1,488,443,134 shares of the company’s stock worth $97,656,754,000 after acquiring an additional 1,487,317,362 shares during the last quarter. Financial Engines Advisors L.L.C. grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 9.1% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 20,492,571 shares of the company’s stock worth $1,386,937,000 after acquiring an additional 1,714,519 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,509.2% in the 4th quarter. Cerity Partners LLC now owns 18,943,319 shares of the company’s stock worth $1,426,811,000 after acquiring an additional 17,766,110 shares during the last quarter. HighTower Advisors LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 3.5% in the 3rd quarter. HighTower Advisors LLC now owns 3,576,214 shares of the company’s stock worth $241,993,000 after acquiring an additional 119,381 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 1.4% in the 1st quarter. UBS Group AG now owns 1,796,353 shares of the company’s stock worth $136,271,000 after acquiring an additional 25,032 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Trading Down 0.4 %

Shares of NYSEARCA SCHM traded down $0.31 during mid-day trading on Tuesday, reaching $76.38. The company had a trading volume of 315,130 shares, compared to its average volume of 316,424. The stock has a market cap of $10.92 billion, a PE ratio of 16.71 and a beta of 1.09. The company has a 50-day moving average price of $78.34 and a two-hundred day moving average price of $73.17. Schwab U.S. Mid-Cap ETF has a 1-year low of $62.87 and a 1-year high of $81.74.

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.