Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) shares passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $34.93 and traded as high as $35.34. Schwab U.S. Mid-Cap ETF shares last traded at $35.33, with a volume of 2,792,417 shares changing hands.
Schwab U.S. Mid-Cap ETF Stock Performance
The company has a 50-day simple moving average of $34.93 and a 200 day simple moving average of $34.07. The company has a market capitalization of $14.97 billion, a P/E ratio of 18.83 and a beta of 1.05.
Hedge Funds Weigh In On Schwab U.S. Mid-Cap ETF
A number of institutional investors and hedge funds have recently bought and sold shares of SCHM. Boltwood Capital Management acquired a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter worth $3,319,000. FAS Wealth Partners Inc. raised its position in shares of Schwab U.S. Mid-Cap ETF by 3.8% during the first quarter. FAS Wealth Partners Inc. now owns 627,188 shares of the company’s stock valued at $19,418,000 after buying an additional 22,838 shares during the last quarter. Range Advisory LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 52.7% during the second quarter. Range Advisory LLC now owns 293,784 shares of the company’s stock valued at $10,832,000 after buying an additional 101,396 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 9.5% in the first quarter. Cetera Investment Advisers now owns 1,285,570 shares of the company’s stock valued at $39,801,000 after buying an additional 111,937 shares during the period. Finally, Lodestar Private Asset Management LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 5.0% in the first quarter. Lodestar Private Asset Management LLC now owns 472,201 shares of the company’s stock valued at $14,619,000 after buying an additional 22,462 shares during the period.
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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