Northwestern Mutual Wealth Management Co. has increased its stake in United Parcel Service, Inc. by 16.2%, acquiring 8,227 additional shares. This boost raises the fund’s total to 59,102 shares of the delivery services giant, reflecting a notable show of confidence in UPS during the first quarter.

During the first quarter, Northwestern Mutual Wealth Management Co. raised its holdings in Schwab U.S. Large-Cap Growth ETF by 6.6%. The firm purchased an additional 507,864 shares, for a total of 8,250,812 shares overall.