HighTower Advisors LLC Increases Stock Position in Schwab U.S. Mid-Cap ETF $SCHM

HighTower Advisors LLC increased its holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 1.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,782,575 shares of the company’s stock after buying an additional 198,793 shares during the period. HighTower Advisors LLC’s holdings in Schwab U.S. Mid-Cap ETF were worth $319,596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 25.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock valued at $288,136,000 after buying an additional 2,070,689 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 2,708.3% during the third quarter. Thrivent Financial for Lutherans now owns 1,924,641 shares of the company’s stock valued at $57,046,000 after acquiring an additional 1,856,108 shares in the last quarter. Advisory Alpha LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 14.7% during the second quarter. Advisory Alpha LLC now owns 8,373,700 shares of the company’s stock valued at $234,882,000 after acquiring an additional 1,072,948 shares in the last quarter. Creative Planning raised its position in shares of Schwab U.S. Mid-Cap ETF by 2.4% in the 2nd quarter. Creative Planning now owns 29,603,590 shares of the company’s stock valued at $830,381,000 after purchasing an additional 684,597 shares during the last quarter. Finally, Corient Private Wealth LLC boosted 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 worth $36,187,000 after purchasing an additional 637,571 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 1.1%

Shares of Schwab U.S. Mid-Cap ETF stock opened at $32.55 on Friday. The firm’s 50 day simple moving average is $31.35 and its two-hundred day simple moving average is $30.12. The firm has a market capitalization of $13.33 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. Schwab U.S. Mid-Cap ETF has a 12-month low of $22.41 and a 12-month high of $33.13.

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.