Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) saw strong trading volume on Friday . 1,067,327 shares were traded during mid-day trading, an increase of 12% from the previous session’s volume of 951,527 shares.The stock last traded at $27.74 and had previously closed at $27.54.
Schwab U.S. Mid-Cap ETF Price Performance
The company has a market cap of $3.98 billion, a P/E ratio of 16.47 and a beta of 1.09. The firm’s 50-day moving average is $27.39 and its two-hundred day moving average is $26.60.
Institutional Trading of Schwab U.S. Mid-Cap ETF
Several institutional investors have recently added to or reduced their stakes in SCHM. Northwestern Mutual Wealth Management Co. grew its position in 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 valued at $177,692,000 after acquiring an additional 574,475 shares during the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 217.7% in the third quarter. Chicago Partners Investment Group LLC now owns 615,663 shares of the company’s stock worth $51,155,000 after purchasing an additional 421,888 shares during the last quarter. Williams Financial LLC increased its stake in Schwab U.S. Mid-Cap ETF by 6,285.7% in the 2nd quarter. Williams Financial LLC now owns 320,369 shares of the company’s stock worth $25,145,000 after buying an additional 315,352 shares during the period. Trinity Legacy Partners LLC boosted its position in Schwab U.S. Mid-Cap ETF by 217.5% in the 3rd quarter. Trinity Legacy Partners LLC now owns 436,706 shares of the company’s stock valued at $36,286,000 after buying an additional 299,153 shares during the period. Finally, Campbell Wealth Management bought a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth about $24,509,000.
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.
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