Schwab U.S. Mid-Cap ETF $SCHM is Spinnaker Investment Group LLC’s 7th Largest Position

Spinnaker Investment Group LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 13.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 472,438 shares of the company’s stock after buying an additional 54,976 shares during the quarter. Schwab U.S. Mid-Cap ETF comprises about 2.8% of Spinnaker Investment Group LLC’s holdings, making the stock its 7th largest position. Spinnaker Investment Group LLC owned approximately 0.11% of Schwab U.S. Mid-Cap ETF worth $17,419,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in SCHM. Northwestern Mutual Wealth Management Co. lifted its position in Schwab U.S. Mid-Cap ETF by 4.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock worth $328,744,000 after acquiring an additional 459,489 shares during the period. Moneta Group Investment Advisors LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 6.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after purchasing an additional 648,134 shares during the period. Valpey Financial Services LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 2,876.4% during the fourth quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock worth $140,495,000 after purchasing an additional 4,082,734 shares during the last quarter. Mariner LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 1.8% during the fourth quarter. Mariner LLC now owns 2,204,963 shares of the company’s stock worth $66,304,000 after purchasing an additional 39,511 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 7.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,072,838 shares of the company’s stock worth $62,950,000 after purchasing an additional 148,197 shares during the period.

Schwab U.S. Mid-Cap ETF Price Performance

NYSEARCA:SCHM opened at $35.89 on Tuesday. The firm’s fifty day moving average price is $35.59 and its 200 day moving average price is $33.75. Schwab U.S. Mid-Cap ETF has a 1-year low of $28.19 and a 1-year high of $36.90. The firm has a market cap of $14.99 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04.

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.