Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Hits New 52-Week High – Should You Buy?

Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) hit a new 52-week high on Monday . The stock traded as high as $31.74 and last traded at $31.72, with a volume of 1227886 shares changing hands. The stock had previously closed at $31.67.

Schwab U.S. Mid-Cap ETF Stock Performance

The firm has a market cap of $12.98 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08. The business’s 50 day moving average price is $30.08 and its 200 day moving average price is $29.54.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SCHM. Atwood & Palmer Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at about $25,000. Fifth Third Bancorp purchased a new position in Schwab U.S. Mid-Cap ETF during the third quarter worth approximately $30,000. Accredited Wealth Management LLC grew its holdings 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 valued at $30,000 after purchasing an additional 502 shares during the period. Ransom Advisory Ltd purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $32,000. Finally, Guerra Advisors Inc acquired a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter worth approximately $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.