N.E.W. Advisory Services LLC Purchases 274,764 Shares of Schwab U.S. Mid-Cap ETF $SCHM

N.E.W. Advisory Services LLC lifted its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 497.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 330,011 shares of the company’s stock after purchasing an additional 274,764 shares during the quarter. Schwab U.S. Mid-Cap ETF accounts for approximately 0.7% of N.E.W. Advisory Services LLC’s holdings, making the stock its 28th biggest holding. N.E.W. Advisory Services LLC owned approximately 0.08% of Schwab U.S. Mid-Cap ETF worth $9,923,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in SCHM. Thrivent Financial for Lutherans grew its holdings in shares of 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 worth $57,046,000 after purchasing an additional 1,856,108 shares during the last quarter. Financial Planning Navigators CORP bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter worth about $22,267,000. Corient Private Wealth LLC lifted its position in Schwab U.S. Mid-Cap ETF by 97.8% during the 2nd quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock worth $36,187,000 after buying an additional 637,571 shares in the last quarter. Advisory Alpha LLC lifted its position in Schwab U.S. Mid-Cap ETF by 6.8% during the 3rd quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock worth $267,436,000 after buying an additional 568,609 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its position in Schwab U.S. Mid-Cap ETF by 5.9% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 10,021,294 shares of the company’s stock worth $297,031,000 after buying an additional 555,701 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Stock Down 0.4%

Shares of NYSEARCA SCHM opened at $33.65 on Friday. The firm’s 50-day simple moving average is $32.10 and its 200 day simple moving average is $31.05. The company has a market cap of $14.11 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.88 and a 12-month high of $34.21.

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.