Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sees Strong Trading Volume – What’s Next?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) shares saw strong trading volume on Wednesday . 15,288,637 shares changed hands during mid-day trading, an increase of 1,608% from the previous session’s volume of 895,182 shares.The stock last traded at $28.31 and had previously closed at $28.09.

Schwab U.S. Mid-Cap ETF Trading Up 0.7 %

The stock’s 50-day moving average is $77.55 and its 200-day moving average is $78.26. The stock has a market cap of $4.06 billion, a P/E ratio of 16.47 and a beta of 1.09.

Hedge Funds Weigh In On Schwab U.S. Mid-Cap ETF

Several hedge funds have recently modified their holdings of SCHM. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 33.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock worth $177,692,000 after purchasing an additional 574,475 shares in the last quarter. Advisory Alpha LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 7.2% during the 2nd quarter. Advisory Alpha LLC now owns 1,837,312 shares of the company’s stock valued at $143,004,000 after acquiring an additional 123,777 shares during the last quarter. Fragasso Financial Advisors Inc grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 8.4% in the 3rd quarter. Fragasso Financial Advisors Inc now owns 1,110,656 shares of the company’s stock worth $92,284,000 after acquiring an additional 86,185 shares during the last quarter. Fragasso Group Inc. raised its position in shares of Schwab U.S. Mid-Cap ETF by 0.4% during the first quarter. Fragasso Group Inc. now owns 960,390 shares of the company’s stock worth $78,205,000 after purchasing an additional 3,920 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 1.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 645,119 shares of the company’s stock valued at $50,210,000 after purchasing an additional 9,967 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.