Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $31.74 and last traded at $31.72, with a volume of 1227886 shares changing hands. The stock had previously closed at $31.67.
Schwab U.S. Mid-Cap ETF Stock Up 0.2%
The business’s 50-day simple moving average is $30.08 and its two-hundred day simple moving average is $29.54. The firm has a market capitalization of $12.98 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in SCHM. Denver PWM LLC lifted its position in Schwab U.S. Mid-Cap ETF by 4.9% in the second quarter. Denver PWM LLC now owns 650,802 shares of the company’s stock valued at $18,255,000 after purchasing an additional 30,453 shares during the period. Diversified Trust Co acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at approximately $265,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at approximately $478,000. Seneca Financial Advisors LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 16.8% in the third quarter. Seneca Financial Advisors LLC now owns 696,167 shares of the company’s stock valued at $20,634,000 after buying an additional 100,076 shares in the last quarter. Finally, Cynosure Group LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 69.7% during the third quarter. Cynosure Group LLC now owns 50,054 shares of the company’s stock worth $1,484,000 after acquiring an additional 20,557 shares during the period.
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.
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