Schwab U.S. Mid-Cap ETF $SCHM is Northern Capital Management Inc.’s 5th Largest Position

Northern Capital Management Inc. trimmed its stake in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 208,079 shares of the company’s stock after selling 5,219 shares during the period. Schwab U.S. Mid-Cap ETF accounts for about 3.4% of Northern Capital Management Inc.’s investment portfolio, making the stock its 5th biggest holding. Northern Capital Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $5,837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SCHM. Advisory Alpha LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 27.7% in the 1st quarter. Advisory Alpha LLC now owns 7,300,752 shares of the company’s stock worth $191,211,000 after purchasing an additional 1,581,924 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter worth about $40,844,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 8.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,201,534 shares of the company’s stock worth $214,880,000 after purchasing an additional 616,733 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Schwab U.S. Mid-Cap ETF by 28.6% in the 1st quarter. Jones Financial Companies Lllp now owns 1,658,202 shares of the company’s stock worth $43,409,000 after purchasing an additional 368,908 shares during the period. Finally, Focus Partners Wealth lifted its position in shares of Schwab U.S. Mid-Cap ETF by 78.9% in the 1st quarter. Focus Partners Wealth now owns 640,723 shares of the company’s stock worth $16,787,000 after purchasing an additional 282,489 shares during the period.

Schwab U.S. Mid-Cap ETF Trading Up 0.1%

NYSEARCA:SCHM opened at $29.49 on Friday. The company has a 50-day moving average price of $29.53 and a 200-day moving average price of $27.89. Schwab U.S. Mid-Cap ETF has a 12 month low of $22.41 and a 12 month high of $30.28. The stock has a market cap of $12.11 billion, a price-to-earnings ratio of 18.83 and a beta of 1.13.

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.