Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $36.90 and last traded at $36.87, with a volume of 873251 shares trading hands. The stock had previously closed at $36.45.
Schwab U.S. Mid-Cap ETF Stock Performance
The firm’s fifty day simple moving average is $34.96 and its 200 day simple moving average is $32.83. The firm has a market cap of $15.48 billion, a P/E ratio of 18.83 and a beta of 1.04.
Institutional Investors Weigh In On Schwab U.S. Mid-Cap ETF
Hedge funds have recently made changes to their positions in the company. Godsey & Gibb Inc. bought a new position in Schwab U.S. Mid-Cap ETF during the first quarter valued at approximately $29,000. Evergreen Advisors LLC bought a new stake in Schwab U.S. Mid-Cap ETF in the 1st quarter worth approximately $29,000. Kingdom Financial Group LLC. bought a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter worth approximately $31,000. Ransom Advisory Ltd bought a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter worth approximately $32,000. Finally, Archer Investment Corp raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 266.9% during the 1st quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock worth $33,000 after acquiring an additional 782 shares in the last quarter.
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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