Schwab U.S. Mid-Cap ETF $SCHM Shares Purchased by IMA Advisory Services Inc.

IMA Advisory Services Inc. raised its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 0.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 446,152 shares of the company’s stock after acquiring an additional 3,049 shares during the period. Schwab U.S. Mid-Cap ETF makes up 1.4% of IMA Advisory Services Inc.’s investment portfolio, making the stock its 15th largest position. IMA Advisory Services Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $12,515,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Cascade Financial Partners LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 5.3% in the 2nd quarter. Cascade Financial Partners LLC now owns 32,424 shares of the company’s stock worth $909,000 after buying an additional 1,642 shares during the last quarter. Nwam LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 10.0% in the second quarter. Nwam LLC now owns 29,338 shares of the company’s stock valued at $848,000 after purchasing an additional 2,672 shares during the period. Vise Technologies Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $2,487,000. Midwest Trust Co purchased a new position in Schwab U.S. Mid-Cap ETF during the second quarter worth approximately $545,000. Finally, Prospera Financial Services Inc raised its stake in Schwab U.S. Mid-Cap ETF by 46.6% during the second quarter. Prospera Financial Services Inc now owns 27,051 shares of the company’s stock worth $759,000 after purchasing an additional 8,600 shares during the period.

Schwab U.S. Mid-Cap ETF Stock Up 0.7%

Shares of NYSEARCA SCHM opened at $29.68 on Tuesday. The stock has a market capitalization of $12.06 billion, a PE ratio of 18.83 and a beta of 1.08. The firm has a fifty day moving average of $29.69 and a 200-day moving average of $28.54. Schwab U.S. Mid-Cap ETF has a 52-week low of $22.41 and a 52-week high of $30.31.

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.