Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $35.10 and last traded at $35.06, with a volume of 63934 shares changing hands. The stock had previously closed at $34.73.
Schwab U.S. Mid-Cap ETF Price Performance
The company has a market capitalization of $14.75 billion, a PE ratio of 18.83 and a beta of 1.04. The company has a 50-day moving average of $32.83 and a two-hundred day moving average of $31.71.
Hedge Funds Weigh In On Schwab U.S. Mid-Cap ETF
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 4.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock valued at $328,744,000 after acquiring an additional 459,489 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 1.9% in the third quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock valued at $319,596,000 after acquiring an additional 198,793 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 6.5% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after acquiring an additional 648,134 shares in the last quarter. Advisory Alpha LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 6.8% in the third quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after acquiring an additional 568,609 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 0.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,748,603 shares of the company’s stock valued at $180,506,000 after acquiring an additional 15,350 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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