Red Door Wealth Management LLC Cuts Stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Red Door Wealth Management LLC cut its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 8.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,151 shares of the company’s stock after selling 2,665 shares during the quarter. Red Door Wealth Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,292,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SCHM. PNC Financial Services Group Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 8.1% during the third quarter. PNC Financial Services Group Inc. now owns 6,141 shares of the company’s stock valued at $416,000 after acquiring an additional 460 shares in the last quarter. Natixis Advisors L.P. acquired a new position in Schwab U.S. Mid-Cap ETF in the third quarter worth about $849,000. Per Stirling Capital Management LLC. grew its stake in Schwab U.S. Mid-Cap ETF by 8.4% in the third quarter. Per Stirling Capital Management LLC. now owns 10,782 shares of the company’s stock worth $730,000 after purchasing an additional 839 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Schwab U.S. Mid-Cap ETF by 16.7% in the third quarter. Ameriprise Financial Inc. now owns 779,670 shares of the company’s stock worth $52,769,000 after purchasing an additional 111,400 shares in the last quarter. Finally, Evergreen Capital Management LLC acquired a new position in Schwab U.S. Mid-Cap ETF in the third quarter worth about $280,000.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA:SCHM traded up $0.19 during mid-day trading on Friday, reaching $77.83. The stock had a trading volume of 226,106 shares, compared to its average volume of 301,589. The company has a market capitalization of $11.16 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 1-year low of $62.87 and a 1-year high of $81.74. The stock’s 50 day simple moving average is $78.51 and its two-hundred day simple moving average is $77.28.

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.