Orca Investment Management LLC Buys 503 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Orca Investment Management LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.3% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 37,806 shares of the company’s stock after acquiring an additional 503 shares during the period. Orca Investment Management LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $1,060,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Atwood & Palmer Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth $25,000. Creative Capital Management Investments LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth $38,000. Roxbury Financial LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth $39,000. Bulwark Capital Corp bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth $58,000. Finally, Webster Bank N. A. acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth $60,000.

Schwab U.S. Mid-Cap ETF Stock Down 2.7%

Shares of Schwab U.S. Mid-Cap ETF stock opened at $28.90 on Friday. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13. Schwab U.S. Mid-Cap ETF has a twelve month low of $22.41 and a twelve month high of $30.28. The company’s fifty day moving average is $29.42 and its 200 day moving average is $27.78.

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.