Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sets New 1-Year High – What’s Next?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) shares reached a new 52-week high during trading on Friday . The stock traded as high as $32.60 and last traded at $32.5740, with a volume of 771656 shares changing hands. The stock had previously closed at $31.71.

Schwab U.S. Mid-Cap ETF Stock Performance

The business has a 50-day simple moving average of $31.04 and a two-hundred day simple moving average of $29.96. The company has a market capitalization of $13.37 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08.

Hedge Funds Weigh In On Schwab U.S. Mid-Cap ETF

Several institutional investors have recently bought and sold shares of SCHM. Fifth Third Bancorp acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth $30,000. Accredited Wealth Management LLC increased its stake in shares of 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 worth $30,000 after acquiring an additional 502 shares during the period. Kingdom Financial Group LLC. purchased a new position in Schwab U.S. Mid-Cap ETF during the fourth quarter worth about $31,000. Ransom Advisory Ltd purchased a new position in Schwab U.S. Mid-Cap ETF during the fourth quarter worth about $32,000. Finally, Guerra Advisors Inc acquired a new stake in Schwab U.S. Mid-Cap ETF in the third quarter valued at about $33,000.

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.