Peak Financial Management Inc. Buys 11,773 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Peak Financial Management Inc. raised its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 3.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 384,713 shares of the company’s stock after purchasing an additional 11,773 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up about 3.1% of Peak Financial Management Inc.’s portfolio, making the stock its 11th biggest holding. Peak Financial Management Inc. owned 0.09% of Schwab U.S. Mid-Cap ETF worth $10,791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of the stock. Stratos Wealth Partners LTD. boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 7.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 17,949 shares of the company’s stock worth $470,000 after acquiring an additional 1,168 shares during the period. N.E.W. Advisory Services LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 1st quarter worth approximately $191,000. Diversified Trust Co bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter worth approximately $265,000. Brown Advisory Inc. boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 13.8% during the 1st quarter. Brown Advisory Inc. now owns 24,848 shares of the company’s stock worth $651,000 after acquiring an additional 3,004 shares during the period. Finally, Golden Reserve Retirement LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 1st quarter worth approximately $217,000.

Schwab U.S. Mid-Cap ETF Trading Up 0.9%

Shares of NYSEARCA SCHM opened at $30.01 on Thursday. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $30.28. The stock has a 50 day moving average of $29.38 and a 200-day moving average of $27.75. The company has a market capitalization of $12.33 billion, a P/E ratio of 18.83 and a beta of 1.13.

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.