Spinnaker Investment Group LLC boosted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Free Report) by 205.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 437,643 shares of the company’s stock after buying an additional 294,414 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for approximately 2.9% of Spinnaker Investment Group LLC’s holdings, making the stock its 10th biggest holding. Spinnaker Investment Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $12,127,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Global Wealth Strategies & Associates lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 28.0% in the third quarter. Global Wealth Strategies & Associates now owns 735 shares of the company’s stock worth $61,000 after acquiring an additional 161 shares in the last quarter. Centaurus Financial Inc. raised its position in shares of Schwab U.S. Mid-Cap ETF by 6.1% in the 2nd quarter. Centaurus Financial Inc. now owns 3,622 shares of the company’s stock valued at $282,000 after purchasing an additional 209 shares in the last quarter. Avior Wealth Management LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 0.3% during the third quarter. Avior Wealth Management LLC now owns 110,412 shares of the company’s stock worth $9,174,000 after buying an additional 357 shares in the last quarter. Cordant Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth $30,000. Finally, Leisure Capital Management increased its stake in shares of Schwab U.S. Mid-Cap ETF by 1.2% in the third quarter. Leisure Capital Management now owns 31,790 shares of the company’s stock worth $2,641,000 after buying an additional 379 shares during the last quarter.
Schwab U.S. Mid-Cap ETF Price Performance
NYSEARCA SCHM opened at $29.19 on Friday. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. Schwab U.S. Mid-Cap ETF has a 12 month low of $24.54 and a 12 month high of $30.28. The company’s fifty day moving average price is $28.71 and its two-hundred day moving average price is $27.69.
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.
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