Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report)’s stock price passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $34.79 and traded as high as $35.61. Schwab U.S. Mid-Cap ETF shares last traded at $35.45, with a volume of 1,693,583 shares.
Schwab U.S. Mid-Cap ETF Stock Up 0.8%
The stock has a market capitalization of $15.14 billion, a P/E ratio of 18.83 and a beta of 1.05. The firm’s 50 day simple moving average is $34.80 and its two-hundred day simple moving average is $34.21.
Hedge Funds Weigh In On Schwab U.S. Mid-Cap ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. HighTower Advisors LLC bought a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at about $205,471,000. Legacy Wealth Management LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 1.0% in the third quarter. Legacy Wealth Management LLC now owns 4,330,359 shares of the company’s stock worth $147,319,000 after acquiring an additional 43,883 shares in the last quarter. Fragasso Financial Advisors Inc boosted its holdings in Schwab U.S. Mid-Cap ETF by 0.7% in the third quarter. Fragasso Financial Advisors Inc now owns 2,888,481 shares of the company’s stock worth $100,086,000 after acquiring an additional 20,487 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Schwab U.S. Mid-Cap ETF by 9.9% in the second quarter. Envestnet Asset Management Inc. now owns 1,553,972 shares of the company’s stock valued at $57,157,000 after acquiring an additional 139,644 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its stake in Schwab U.S. Mid-Cap ETF by 5.2% in the second quarter. Dynamic Advisor Solutions LLC now owns 1,198,872 shares of the company’s stock valued at $44,202,000 after acquiring an additional 59,632 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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