Ocean Park Asset Management LLC Buys Shares of 38,065 Schwab U.S. Mid-Cap ETF $SCHM

Ocean Park Asset Management LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 38,065 shares of the company’s stock, valued at approximately $1,403,000.

A number of other institutional investors also recently made changes to their positions in the stock. Valpey Financial Services LLC boosted 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 valued at $140,495,000 after acquiring an additional 4,082,734 shares during the last quarter. 93 Financial Group LLC purchased a new stake in Schwab U.S. Mid-Cap ETF during the 4th quarter worth about $48,614,000. Financial Solutions Advisory Group Inc. acquired a new position in Schwab U.S. Mid-Cap ETF in the 1st quarter valued at about $39,615,000. Moneta Group Investment Advisors LLC raised its stake in Schwab U.S. Mid-Cap ETF by 6.5% in the 4th 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 last quarter. Finally, Corient Private Wealth LLC raised its stake in Schwab U.S. Mid-Cap ETF by 97.8% in the 2nd quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock valued at $36,187,000 after purchasing an additional 637,571 shares during the last quarter.

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

NYSEARCA:SCHM opened at $35.99 on Wednesday. Schwab U.S. Mid-Cap ETF has a 12-month low of $28.25 and a 12-month high of $36.90. The firm has a market cap of $15.03 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. The company’s 50-day moving average is $35.60 and its two-hundred day moving average is $33.77.

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.