Peak Financial Management Inc. Purchases 245,075 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Peak Financial Management Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 197.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 369,205 shares of the company’s stock after acquiring an additional 245,075 shares during the period. Schwab U.S. Mid-Cap ETF makes up approximately 3.1% of Peak Financial Management Inc.’s investment portfolio, making the stock its 9th largest holding. Peak Financial Management Inc. owned 0.26% of Schwab U.S. Mid-Cap ETF worth $10,231,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.0% in the fourth quarter. Geneos Wealth Management Inc. now owns 960 shares of the company’s stock valued at $27,000 after purchasing an additional 640 shares in the last quarter. Cordant Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth approximately $30,000. Archer Investment Corp lifted its position in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% in the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock worth $34,000 after purchasing an additional 393 shares in the last quarter. UMB Bank n.a. boosted its holdings in Schwab U.S. Mid-Cap ETF by 200.0% during the fourth quarter. UMB Bank n.a. now owns 1,323 shares of the company’s stock worth $37,000 after purchasing an additional 882 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV bought a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at $41,000.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of NYSEARCA:SCHM opened at $29.20 on Monday. The company’s 50-day moving average price is $28.73 and its two-hundred day moving average price is $27.75. Schwab U.S. Mid-Cap ETF has a one year low of $24.54 and a one year high of $30.28. The stock has a market capitalization of $4.19 billion, a PE ratio of 16.47 and a beta of 1.09.

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.