Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Reaches New 1-Year High – Here’s What Happened

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)’s share price reached a new 52-week high during trading on Saturday . The company traded as high as $33.18 and last traded at $32.97, with a volume of 5787432 shares. The stock had previously closed at $32.80.

Schwab U.S. Mid-Cap ETF Trading Up 0.5%

The firm has a 50-day moving average of $31.58 and a two-hundred day moving average of $30.25. The firm has a market cap of $13.50 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08.

Institutional Investors Weigh In On Schwab U.S. Mid-Cap ETF

Hedge funds have recently modified their holdings of the business. Kiley Juergens Wealth Management LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 2.8% in the fourth quarter. Kiley Juergens Wealth Management LLC now owns 11,734 shares of the company’s stock worth $353,000 after acquiring an additional 323 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in Schwab U.S. Mid-Cap ETF by 1.6% during the 4th quarter. Stratos Wealth Advisors LLC now owns 22,874 shares of the company’s stock valued at $688,000 after purchasing an additional 352 shares during the last quarter. Meriwether Wealth & Planning LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 4.3% in the 4th quarter. Meriwether Wealth & Planning LLC now owns 8,590 shares of the company’s stock valued at $258,000 after purchasing an additional 355 shares during the period. Planwiser Financial LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 0.4% in the 3rd quarter. Planwiser Financial LLC now owns 84,941 shares of the company’s stock valued at $2,503,000 after purchasing an additional 357 shares during the period. Finally, Bouchey Financial Group Ltd grew its position in Schwab U.S. Mid-Cap ETF by 1.0% in the 3rd quarter. Bouchey Financial Group Ltd now owns 38,980 shares of the company’s stock worth $1,155,000 after purchasing an additional 370 shares during 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.