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

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)’s share price hit a new 52-week high during mid-day trading 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 Stock Performance

The firm has a market cap of $4.05 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The stock’s 50 day simple moving average is $76.61 and its 200-day simple moving average is $77.91.

Institutional Trading of Schwab U.S. Mid-Cap ETF

Large investors have recently made changes to their positions in the business. Farmers & Merchants Investments Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 75.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 343 shares of the company’s stock valued at $26,000 after acquiring an additional 148 shares during the last quarter. Cordant Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at $30,000. Chilton Capital Management LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at $30,000. Finally, Valued Wealth Advisors LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 3,900.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 400 shares of the company’s stock valued at $33,000 after acquiring an additional 390 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.