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

Northern Capital Management Inc. grew its holdings in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 193.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 221,628 shares of the company’s stock after purchasing an additional 146,205 shares during the quarter. Schwab U.S. Mid-Cap ETF makes up approximately 3.8% of Northern Capital Management Inc.’s investment portfolio, making the stock its 5th largest position. Northern Capital Management Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $6,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 209.3% in the 4th quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after acquiring an additional 6,819,239 shares in the last quarter. Advisory Alpha LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 195.3% in the 4th quarter. Advisory Alpha LLC now owns 5,718,828 shares of the company’s stock worth $158,471,000 after acquiring an additional 3,782,365 shares in the last quarter. Legacy Wealth Management Inc increased its holdings in Schwab U.S. Mid-Cap ETF by 203.9% in the 4th quarter. Legacy Wealth Management Inc now owns 4,180,010 shares of the company’s stock worth $115,828,000 after acquiring an additional 2,804,735 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter worth approximately $67,051,000. Finally, Fragasso Financial Advisors Inc increased its holdings in Schwab U.S. Mid-Cap ETF by 201.2% in the 4th quarter. Fragasso Financial Advisors Inc now owns 3,345,175 shares of the company’s stock worth $92,695,000 after acquiring an additional 2,234,519 shares in the last quarter.

Schwab U.S. Mid-Cap ETF Trading Up 2.6 %

Schwab U.S. Mid-Cap ETF stock opened at $26.25 on Friday. The firm has a 50 day moving average of $28.16 and a 200 day moving average of $28.12. The firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of 18.04 and a beta of 1.16. Schwab U.S. Mid-Cap ETF has a 12-month low of $24.64 and a 12-month high of $30.28.

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.