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

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $34.22 and last traded at $34.10, with a volume of 258356 shares changing hands. The stock had previously closed at $34.05.

Schwab U.S. Mid-Cap ETF Trading Up 1.6%

The stock’s fifty day moving average price is $32.27 and its 200 day moving average price is $31.28. The stock has a market cap of $14.69 billion, a P/E ratio of 18.83 and a beta of 1.04.

Institutional Investors Weigh In On Schwab U.S. Mid-Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Evergreen Advisors LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the first quarter valued at approximately $29,000. Godsey & Gibb Inc. bought a new position in Schwab U.S. Mid-Cap ETF during the 1st quarter valued at approximately $29,000. Fifth Third Bancorp bought a new position in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at approximately $30,000. Accredited Wealth Management LLC raised its stake in 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 valued at $30,000 after buying an additional 502 shares during the last quarter. Finally, Kingdom Financial Group LLC. bought a new stake in Schwab U.S. Mid-Cap ETF in the fourth quarter worth $31,000.

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.