Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Reaches New 52-Week High – What’s Next?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) reached a new 52-week high during trading on Wednesday . The company traded as high as $32.41 and last traded at $32.2510, with a volume of 1494270 shares changing hands. The stock had previously closed at $31.72.

Schwab U.S. Mid-Cap ETF Stock Up 1.8%

The business’s fifty day moving average is $30.38 and its two-hundred day moving average is $29.69. The stock has a market capitalization of $13.20 billion, a PE ratio of 18.83 and a beta of 1.08.

Institutional Trading of Schwab U.S. Mid-Cap ETF

Large investors have recently made changes to their positions in the business. Fifth Third Bancorp bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $30,000. Accredited Wealth Management LLC raised its position in Schwab U.S. Mid-Cap ETF by 100.0% during the third quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after purchasing an additional 502 shares during the period. Ransom Advisory Ltd bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 4th quarter valued at approximately $32,000. Guerra Advisors Inc bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $33,000. Finally, Creative Capital Management Investments LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter worth approximately $38,000.

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.