Thrivent Financial for Lutherans Boosts Stake in Schwab U.S. Mid-Cap ETF $SCHM

Thrivent Financial for Lutherans increased its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 7.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 2,072,838 shares of the company’s stock after purchasing an additional 148,197 shares during the period. Thrivent Financial for Lutherans owned approximately 0.51% of Schwab U.S. Mid-Cap ETF worth $62,950,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SCHM. Financial Planning Navigators CORP purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter worth approximately $22,267,000. Corient Private Wealth LLC boosted its position in shares of 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 purchasing an additional 637,571 shares during the period. Advisory Alpha LLC boosted its position in shares of 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 purchasing an additional 568,609 shares during the period. Moneta Group Investment Advisors LLC boosted its position in shares of 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 purchasing an additional 555,701 shares during the period. Finally, Cannon Capital Management Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter worth approximately $13,106,000.

Schwab U.S. Mid-Cap ETF Stock Performance

NYSEARCA:SCHM opened at $33.95 on Friday. The stock has a market capitalization of $14.26 billion, a P/E ratio of 18.83 and a beta of 1.04. The company has a 50 day moving average price of $32.50 and a 200 day moving average price of $31.50. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $26.45 and a fifty-two week high of $35.03.

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.