JPMorgan Chase & Co. Sells 13,004 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

JPMorgan Chase & Co. reduced its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 6.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 186,524 shares of the company’s stock after selling 13,004 shares during the quarter. JPMorgan Chase & Co. owned about 0.13% of Schwab U.S. Mid-Cap ETF worth $15,498,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC grew its stake in Schwab U.S. Mid-Cap ETF by 2.6% in the 3rd quarter. HighTower Advisors LLC now owns 3,258,331 shares of the company’s stock valued at $270,683,000 after acquiring an additional 82,365 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in Schwab U.S. Mid-Cap ETF by 33.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock valued at $177,692,000 after buying an additional 574,475 shares in the last quarter. Cerity Partners LLC grew its stake in Schwab U.S. Mid-Cap ETF by 14.6% during the 3rd quarter. Cerity Partners LLC now owns 2,264,769 shares of the company’s stock worth $188,180,000 after buying an additional 287,937 shares during the last quarter. Advisory Alpha LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 7.2% in the second quarter. Advisory Alpha LLC now owns 1,837,312 shares of the company’s stock valued at $143,004,000 after purchasing an additional 123,777 shares during the period. Finally, Legacy Wealth Management Inc boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 2.3% in the third quarter. Legacy Wealth Management Inc now owns 1,375,275 shares of the company’s stock valued at $114,272,000 after buying an additional 30,294 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM stock opened at $27.62 on Friday. The firm has a market capitalization of $3.96 billion, a PE ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.17 and a 12 month high of $30.28. The company’s 50 day simple moving average is $28.74 and its 200-day simple moving average is $27.52.

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.