Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Reaches New 52-Week High – What’s Next?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $33.18 and last traded at $32.97, with a volume of 91751 shares changing hands. The stock had previously closed at $33.10.

Schwab U.S. Mid-Cap ETF Price Performance

The business’s 50 day moving average price is $31.94 and its 200-day moving average price is $30.88. The company has a market cap of $13.84 billion, a P/E ratio of 18.83 and a beta of 1.05.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SCHM. Fifth Third Bancorp bought a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $30,000. Accredited Wealth Management LLC increased its holdings in shares of 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 in the last quarter. Kingdom Financial Group LLC. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $31,000. Ransom Advisory Ltd acquired 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 stake in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $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.