Northwestern Mutual Wealth Management Co. Boosts Stake in Schwab U.S. Mid-Cap ETF $SCHM

Northwestern Mutual Wealth Management Co. boosted its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 4.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,932,629 shares of the company’s stock after buying an additional 459,489 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Schwab U.S. Mid-Cap ETF were worth $328,744,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SCHM. Thrivent Financial for Lutherans lifted its stake in Schwab U.S. Mid-Cap ETF by 2,708.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,924,641 shares of the company’s stock valued at $57,046,000 after buying an additional 1,856,108 shares in the last quarter. Financial Planning Navigators CORP purchased a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at about $22,267,000. Corient Private Wealth LLC lifted its holdings 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 in the last quarter. Advisory Alpha LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 6.8% in the 3rd quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after purchasing an additional 568,609 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 5.9% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 10,021,294 shares of the company’s stock valued at $297,031,000 after purchasing an additional 555,701 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 0.4%

NYSEARCA:SCHM opened at $35.29 on Friday. The firm has a market cap of $14.82 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. The company’s 50-day moving average is $33.07 and its two-hundred day moving average is $31.83. Schwab U.S. Mid-Cap ETF has a 12-month low of $26.64 and a 12-month high of $35.44.

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.