Ocean Park Asset Management LLC Makes New Investment in Schwab U.S. Mid-Cap ETF $SCHM

Ocean Park Asset Management LLC purchased a new stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 2nd quarter, Holdings Channel reports. The firm purchased 38,065 shares of the company’s stock, valued at approximately $1,403,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Godsey & Gibb Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 1st quarter worth about $29,000. Evergreen Advisors LLC acquired a new position in Schwab U.S. Mid-Cap ETF during the first quarter worth approximately $29,000. Kingdom Financial Group LLC. acquired a new position in Schwab U.S. Mid-Cap ETF during the fourth quarter worth approximately $31,000. Archer Investment Corp raised its stake in Schwab U.S. Mid-Cap ETF by 266.9% during the first quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock worth $33,000 after purchasing an additional 782 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in Schwab U.S. Mid-Cap ETF during the fourth quarter worth approximately $36,000.

Schwab U.S. Mid-Cap ETF Stock Up 0.3%

Shares of SCHM opened at $35.99 on Wednesday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $28.25 and a fifty-two week high of $36.90. The company’s fifty day moving average is $35.60 and its two-hundred day moving average is $33.77. The firm has a market cap of $15.03 billion, a PE ratio of 18.83 and a beta of 1.04.

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.