Schwab U.S. Mid-Cap ETF $SCHM Stock Position Raised by Spinnaker Investment Group LLC

Spinnaker Investment Group LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 13.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 472,438 shares of the company’s stock after buying an additional 54,976 shares during the period. Schwab U.S. Mid-Cap ETF makes up approximately 2.8% of Spinnaker Investment Group LLC’s investment portfolio, making the stock its 7th largest holding. Spinnaker Investment Group LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $17,419,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Farther Finance Advisors LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 41.7% during the 4th quarter. Farther Finance Advisors LLC now owns 538,826 shares of the company’s stock worth $16,202,000 after purchasing an additional 158,469 shares in the last quarter. FAS Wealth Partners Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 3.8% during the 1st quarter. FAS Wealth Partners Inc. now owns 627,188 shares of the company’s stock worth $19,418,000 after purchasing an additional 22,838 shares during the period. Chicago Partners Investment Group LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 10.8% in the 4th quarter. Chicago Partners Investment Group LLC now owns 951,922 shares of the company’s stock valued at $30,528,000 after purchasing an additional 93,144 shares in the last quarter. BCS Wealth Management increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 102.7% in the 4th quarter. BCS Wealth Management now owns 112,890 shares of the company’s stock valued at $3,395,000 after purchasing an additional 57,206 shares in the last quarter. Finally, Wealth Enhancement Trust Services Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $6,870,000.

Schwab U.S. Mid-Cap ETF Trading Down 0.6%

SCHM stock opened at $35.89 on Tuesday. The company has a market cap of $14.99 billion, a P/E ratio of 18.83 and a beta of 1.04. Schwab U.S. Mid-Cap ETF has a 52 week low of $28.19 and a 52 week high of $36.90. The company’s 50-day moving average price is $35.59 and its 200 day moving average price is $33.75.

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.