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

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $29.08 and last traded at $28.97, with a volume of 106516 shares traded. The stock had previously closed at $28.05.

Schwab U.S. Mid-Cap ETF Trading Up 0.5 %

The stock’s 50-day moving average price is $27.51 and its 200-day moving average price is $26.70. The stock has a market cap of $4.19 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Farmers & Merchants Investments Inc. acquired a new position in Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $25,000. EverSource Wealth Advisors LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 75.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 343 shares of the company’s stock worth $26,000 after purchasing an additional 148 shares in the last quarter. Chilton Capital Management LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter worth about $30,000. Cordant Inc. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $30,000. Finally, Institutional & Family Asset Management LLC increased its position in Schwab U.S. Mid-Cap ETF by 500.0% in the 2nd quarter. Institutional & Family Asset Management LLC now owns 432 shares of the company’s stock valued at $34,000 after buying an additional 360 shares in the last quarter.

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.