Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Reaches New 12-Month High – Should You Buy?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHMGet Free Report) hit a new 52-week high on Friday . The company traded as high as $35.85 and last traded at $35.72, with a volume of 110638 shares trading hands. The stock had previously closed at $35.63.

Schwab U.S. Mid-Cap ETF Stock Performance

The company has a 50 day moving average of $33.96 and a 200-day moving average of $32.27. The stock has a market cap of $15.11 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04.

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

Several hedge funds have recently made changes to their positions in the business. Evergreen Advisors LLC acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the first quarter valued at approximately $29,000. Godsey & Gibb Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF during the 1st quarter worth approximately $29,000. Fifth Third Bancorp purchased a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $30,000. Accredited Wealth Management LLC boosted its position in Schwab U.S. Mid-Cap ETF by 100.0% in the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after buying an additional 502 shares during the period. Finally, Kingdom Financial Group LLC. acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth $31,000.

Schwab U.S. Mid-Cap ETF Company Profile

(Get Free Report)

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.

Further Reading

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