Thrivent Financial for Lutherans Purchases 1,101,699 Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Thrivent Financial for Lutherans grew its position in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 188.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,685,863 shares of the company’s stock after purchasing an additional 1,101,699 shares during the quarter. Thrivent Financial for Lutherans owned approximately 1.18% of Schwab U.S. Mid-Cap ETF worth $49,567,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Von Berge Wealth Management Group LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 0.4% in the fourth quarter. Von Berge Wealth Management Group LLC now owns 115,341 shares of the company’s stock worth $3,368,000 after acquiring an additional 426 shares during the last quarter. Waterfront Wealth Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 0.7% in the fourth quarter. Waterfront Wealth Inc. now owns 65,765 shares of the company’s stock worth $1,822,000 after acquiring an additional 461 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 3.5% in the third quarter. Kingsview Wealth Management LLC now owns 15,197 shares of the company’s stock worth $1,263,000 after acquiring an additional 514 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 0.4% in the third quarter. MML Investors Services LLC now owns 137,556 shares of the company’s stock worth $11,430,000 after acquiring an additional 560 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% in the third quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock worth $51,000 after acquiring an additional 575 shares during the last quarter.

Schwab U.S. Mid-Cap ETF Price Performance

SCHM opened at $26.79 on Thursday. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.64 and a fifty-two week high of $30.28. The firm’s fifty day moving average price is $28.07 and its two-hundred day moving average price is $28.11. The company has a market capitalization of $10.93 billion, a P/E ratio of 18.04 and a beta of 1.16.

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.