Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) saw strong trading volume on Tuesday . 3,790,278 shares traded hands during mid-day trading, an increase of 176% from the previous session’s volume of 1,375,696 shares.The stock last traded at $33.36 and had previously closed at $33.79.
Schwab U.S. Mid-Cap ETF Trading Down 0.5%
The company has a market capitalization of $14.11 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. The company has a 50-day moving average of $32.54 and a 200-day moving average of $31.53.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Arkadios Wealth Advisors boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 10.8% in the first quarter. Arkadios Wealth Advisors now owns 28,268 shares of the company’s stock worth $875,000 after acquiring an additional 2,755 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Schwab U.S. Mid-Cap ETF by 3.9% in the 1st quarter. Sunbelt Securities Inc. now owns 296,948 shares of the company’s stock valued at $9,194,000 after purchasing an additional 11,141 shares in the last quarter. Royal Bank of Canada lifted its holdings in Schwab U.S. Mid-Cap ETF by 7.2% in the 1st quarter. Royal Bank of Canada now owns 168,268 shares of the company’s stock valued at $5,209,000 after purchasing an additional 11,351 shares in the last quarter. Eley Financial Management Inc boosted its stake in Schwab U.S. Mid-Cap ETF by 8.0% during the 1st quarter. Eley Financial Management Inc now owns 26,632 shares of the company’s stock worth $825,000 after purchasing an additional 1,969 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 39.3% during the first quarter. Quantinno Capital Management LP now owns 69,542 shares of the company’s stock worth $2,153,000 after buying an additional 19,623 shares in the last quarter.
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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