Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Reaches New 1-Year High – Here’s What Happened

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) reached a new 52-week high on Thursday . The company traded as high as $28.37 and last traded at $28.31, with a volume of 4383 shares trading hands. The stock had previously closed at $28.30.

Schwab U.S. Mid-Cap ETF Price Performance

The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The firm’s 50-day simple moving average is $74.65 and its 200 day simple moving average is $77.20.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SCHM. PNC Financial Services Group Inc. raised its position in Schwab U.S. Mid-Cap ETF by 170.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,588 shares of the company’s stock valued at $1,249,000 after purchasing an additional 10,447 shares in the last quarter. Wedmont Private Capital grew its stake in shares of Schwab U.S. Mid-Cap ETF by 4.6% during the first quarter. Wedmont Private Capital now owns 7,427 shares of the company’s stock worth $598,000 after buying an additional 325 shares during the last quarter. RFG Advisory LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 5.9% during the first quarter. RFG Advisory LLC now owns 3,871 shares of the company’s stock worth $315,000 after buying an additional 216 shares during the last quarter. &PARTNERS bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the first quarter worth $279,000. Finally, Contravisory Investment Management Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF by 21.0% during the first quarter. Contravisory Investment Management Inc. now owns 818 shares of the company’s stock worth $67,000 after buying an additional 142 shares during the last quarter.

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.