Burkett Financial Services LLC Acquires 1,385 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Burkett Financial Services LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,249 shares of the company’s stock after buying an additional 1,385 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up 0.9% of Burkett Financial Services LLC’s portfolio, making the stock its 14th largest position. Burkett Financial Services LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $2,503,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vermillion Wealth Management Inc. bought a new stake in Schwab U.S. Mid-Cap ETF during the 4th quarter worth about $50,000. Continuum Advisory LLC lifted its position in Schwab U.S. Mid-Cap ETF by 136.4% during the 4th quarter. Continuum Advisory LLC now owns 1,811 shares of the company’s stock worth $50,000 after buying an additional 1,045 shares in the last quarter. Studio Investment Management LLC lifted its position in Schwab U.S. Mid-Cap ETF by 200.0% during the 4th quarter. Studio Investment Management LLC now owns 1,869 shares of the company’s stock worth $52,000 after buying an additional 1,246 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Schwab U.S. Mid-Cap ETF by 467.1% during the 1st quarter. Russell Investments Group Ltd. now owns 2,444 shares of the company’s stock worth $64,000 after buying an additional 2,013 shares in the last quarter. Finally, Financial Management Professionals Inc. bought a new stake in Schwab U.S. Mid-Cap ETF during the 1st quarter worth about $72,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA:SCHM opened at $29.83 on Friday. The company’s 50-day moving average price is $29.00 and its two-hundred day moving average price is $27.37. Schwab U.S. Mid-Cap ETF has a one year low of $22.41 and a one year high of $30.28. The stock has a market capitalization of $12.29 billion, a PE ratio of 18.83 and a beta of 1.13.

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.