Livet Wealth LLC Makes New $3.41 Million Investment in Schwab U.S. Mid-Cap ETF $SCHM

Livet Wealth LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 113,370 shares of the company’s stock, valued at approximately $3,409,000. Schwab U.S. Mid-Cap ETF makes up approximately 2.1% of Livet Wealth LLC’s investment portfolio, making the stock its 11th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in Schwab U.S. Mid-Cap ETF by 4.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock worth $328,744,000 after purchasing an additional 459,489 shares in the last quarter. HighTower Advisors LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 1.9% during the third quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock worth $319,596,000 after purchasing an additional 198,793 shares in the last quarter. Moneta Group Investment Advisors LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 6.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock worth $320,830,000 after purchasing an additional 648,134 shares in the last quarter. Advisory Alpha LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 6.8% during the third quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock worth $267,436,000 after purchasing an additional 568,609 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 0.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,748,603 shares of the company’s stock worth $180,506,000 after purchasing an additional 15,350 shares in the last quarter.

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

SCHM stock opened at $36.02 on Friday. The stock has a market cap of $15.13 billion, a P/E ratio of 18.83 and a beta of 1.04. The company’s 50 day moving average is $34.06 and its two-hundred day moving average is $32.29. Schwab U.S. Mid-Cap ETF has a twelve month low of $27.05 and a twelve month high of $36.15.

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.