ProVise Management Group LLC Sells 36,190 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

ProVise Management Group LLC lowered its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 15.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 199,150 shares of the company’s stock after selling 36,190 shares during the period. Schwab U.S. Mid-Cap ETF accounts for approximately 1.3% of ProVise Management Group LLC’s holdings, making the stock its 22nd largest position. ProVise Management Group LLC owned about 0.14% of Schwab U.S. Mid-Cap ETF worth $15,500,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Kingsview Wealth Management LLC lifted its position in Schwab U.S. Mid-Cap ETF by 0.9% during the first quarter. Kingsview Wealth Management LLC now owns 14,509 shares of the company’s stock worth $1,181,000 after acquiring an additional 126 shares during the last quarter. Fairman Group LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 6.9% during the second quarter. Fairman Group LLC now owns 1,965 shares of the company’s stock valued at $153,000 after purchasing an additional 127 shares in the last quarter. Cornerstone Wealth Management LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 1.2% during the second quarter. Cornerstone Wealth Management LLC now owns 11,166 shares of the company’s stock valued at $869,000 after purchasing an additional 130 shares in the last quarter. Waterfront Wealth Inc. boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 0.6% during the second quarter. Waterfront Wealth Inc. now owns 22,529 shares of the company’s stock valued at $1,753,000 after purchasing an additional 130 shares in the last quarter. Finally, RFG Advisory LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 3.6% during the second quarter. RFG Advisory LLC now owns 4,012 shares of the company’s stock valued at $312,000 after purchasing an additional 141 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Schwab U.S. Mid-Cap ETF stock opened at $81.76 on Thursday. The stock’s 50 day moving average is $79.66 and its 200 day moving average is $79.00. The firm has a market cap of $11.72 billion, a P/E ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a one year low of $62.87 and a one year high of $82.98.

Schwab U.S. Mid-Cap ETF 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.