Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Stake Lifted by Spinnaker Investment Group LLC

Spinnaker Investment Group LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 137,851 shares of the company’s stock after purchasing an additional 1,568 shares during the period. Schwab U.S. Mid-Cap ETF makes up 3.0% of Spinnaker Investment Group LLC’s investment portfolio, making the stock its 9th largest holding. Spinnaker Investment Group LLC owned about 0.10% of Schwab U.S. Mid-Cap ETF worth $10,729,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kingsview Wealth Management LLC grew its position in Schwab U.S. Mid-Cap ETF by 0.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 14,509 shares of the company’s stock worth $1,181,000 after purchasing an additional 126 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 1.2% in the second quarter. Cornerstone Wealth Management LLC now owns 11,166 shares of the company’s stock valued at $869,000 after acquiring an additional 130 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 13.6% in the fourth quarter. Benjamin Edwards Inc. now owns 1,153 shares of the company’s stock valued at $87,000 after acquiring an additional 138 shares in the last quarter. RFG Advisory LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 3.6% in the second quarter. RFG Advisory LLC now owns 4,012 shares of the company’s stock valued at $312,000 after acquiring an additional 141 shares in the last quarter. Finally, Contravisory Investment Management Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 21.0% in the first quarter. Contravisory Investment Management Inc. now owns 818 shares of the company’s stock valued at $67,000 after acquiring an additional 142 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 1.9 %

Shares of NYSEARCA:SCHM traded up $1.55 during midday trading on Friday, hitting $81.68. The stock had a trading volume of 172,029 shares, compared to its average volume of 310,336. The company has a market capitalization of $11.71 billion, a PE ratio of 16.47 and a beta of 1.09. The stock has a 50 day moving average price of $78.73 and a two-hundred day moving average price of $78.50. Schwab U.S. Mid-Cap ETF has a 1 year low of $62.87 and a 1 year high of $82.26.

About Schwab U.S. Mid-Cap ETF

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.