Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) saw unusually-high trading volume on Friday . 2,789,425 shares traded hands during mid-day trading, an increase of 118% from the previous session’s volume of 1,278,490 shares.The stock last traded at $35.8110 and had previously closed at $35.63.
Schwab U.S. Mid-Cap ETF Price Performance
The firm’s 50 day moving average price is $35.68 and its 200-day moving average price is $34.24. The stock has a market cap of $14.97 billion, a P/E ratio of 18.83 and a beta of 1.04.
Hedge Funds Weigh In On Schwab U.S. Mid-Cap ETF
A number of hedge funds have recently added to or reduced their stakes in SCHM. Valpey Financial Services LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 2,876.4% during the 4th quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock valued at $140,495,000 after purchasing an additional 4,082,734 shares during the last quarter. 93 Financial Group LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter valued at $48,614,000. Financial Solutions Advisory Group Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF during the first quarter valued at $39,615,000. Moneta Group Investment Advisors LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 6.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after buying an additional 648,134 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 97.8% during the second quarter. Corient Private Wealth LLC now owns 1,289,510 shares of the company’s stock valued at $36,187,000 after buying an additional 637,571 shares during the last quarter.
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.
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