Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sees Unusually-High Trading Volume – What’s Next?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) saw strong trading volume on Friday . 3,972,601 shares traded hands during mid-day trading, an increase of 199% from the previous session’s volume of 1,330,841 shares.The stock last traded at $33.1050 and had previously closed at $32.80.

Schwab U.S. Mid-Cap ETF Stock Down 0.1%

The company has a market capitalization of $13.42 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. The firm has a 50 day moving average price of $31.53 and a two-hundred day moving average price of $30.22.

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

Hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth approximately $30,000. Accredited Wealth Management LLC increased its position in Schwab U.S. Mid-Cap ETF by 100.0% in the third quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock worth $30,000 after buying an additional 502 shares during the period. Kingdom Financial Group LLC. bought a new stake in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $31,000. Ransom Advisory Ltd bought a new stake in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $32,000. Finally, Guerra Advisors Inc acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter valued at $33,000.

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.