Next Capital Management LLC Lowers Position in Schwab U.S. Mid-Cap ETF (SCHM)

Next Capital Management LLC trimmed its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 45.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,575 shares of the company’s stock after selling 15,735 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up 0.9% of Next Capital Management LLC’s portfolio, making the stock its 28th biggest position. Next Capital Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,029,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Financial Engines Advisors L.L.C. grew its position in shares of Schwab U.S. Mid-Cap ETF by 99.3% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 2,083,336 shares of the company’s stock worth $98,192,000 after buying an additional 1,037,777 shares during the period. JMG Financial Group Ltd. grew its position in shares of Schwab U.S. Mid-Cap ETF by 109.1% during the 4th quarter. JMG Financial Group Ltd. now owns 626,386 shares of the company’s stock worth $30,023,000 after buying an additional 326,811 shares during the period. HHM Wealth Advisors LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter worth about $12,213,000. Campbell Wealth Management acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter worth about $9,848,000. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 37.7% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 672,542 shares of the company’s stock valued at $32,235,000 after purchasing an additional 184,167 shares during the period.

Shares of SCHM opened at $56.79 on Monday. Schwab U.S. Mid-Cap ETF has a 52-week low of $44.97 and a 52-week high of $58.83.

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Thursday, March 21st were paid a $0.1615 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Wednesday, March 20th.

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

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