Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sees Large Volume Increase

Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) saw unusually-strong trading volume on Friday . Approximately 856,999 shares changed hands during trading, an increase of 165% from the previous session’s volume of 323,982 shares.The stock last traded at $77.98 and had previously closed at $77.33.

Schwab U.S. Mid-Cap ETF Stock Up 0.9 %

The business’s 50 day moving average is $78.59 and its two-hundred day moving average is $74.05. The firm has a market capitalization of $11.19 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

Hedge funds have recently made changes to their positions in the business. WestHill Financial Advisors Inc. purchased a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth about $28,000. Fifth Third Bancorp lifted its holdings in Schwab U.S. Mid-Cap ETF by 1,285.7% in the 3rd quarter. Fifth Third Bancorp now owns 485 shares of the company’s stock worth $33,000 after purchasing an additional 450 shares during the last quarter. Valued Wealth Advisors LLC boosted its position in Schwab U.S. Mid-Cap ETF by 3,900.0% during the first quarter. Valued Wealth Advisors LLC now owns 400 shares of the company’s stock worth $33,000 after purchasing an additional 390 shares during the period. NBC Securities Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $37,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $39,000.

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.