Advisory Alpha LLC Buys 568,609 Shares of Schwab U.S. Mid-Cap ETF $SCHM

Advisory Alpha LLC grew its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 6.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,942,309 shares of the company’s stock after purchasing an additional 568,609 shares during the period. Schwab U.S. Mid-Cap ETF makes up about 7.5% of Advisory Alpha LLC’s holdings, making the stock its 3rd largest holding. Advisory Alpha LLC owned approximately 2.20% of Schwab U.S. Mid-Cap ETF worth $267,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in 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 boosted its position in shares of Schwab U.S. Mid-Cap ETF by 2,708.3% during the 3rd 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 during the last quarter. Creative Planning boosted its position in shares of Schwab U.S. Mid-Cap ETF by 2.4% during the 2nd quarter. Creative Planning now owns 29,603,590 shares of the company’s stock valued at $830,381,000 after acquiring an additional 684,597 shares during the last quarter. Corient Private Wealth LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 97.8% in the second 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 during the period. Finally, Jones Financial Companies Lllp increased its position in Schwab U.S. Mid-Cap ETF by 11.3% during the third quarter. Jones Financial Companies Lllp now owns 2,530,509 shares of the company’s stock worth $74,942,000 after purchasing an additional 257,268 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

Shares of SCHM stock opened at $32.62 on Thursday. The company has a market capitalization of $13.36 billion, a PE ratio of 18.83 and a beta of 1.08. The firm’s 50-day moving average is $31.96 and its two-hundred day moving average is $30.49. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $33.18.

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.