Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sets New 12-Month High – Should You Buy?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $33.05 and last traded at $32.75, with a volume of 1111774 shares trading hands. The stock had previously closed at $32.77.

Schwab U.S. Mid-Cap ETF Stock Down 0.1%

The company has a market capitalization of $13.41 billion, a PE ratio of 18.83 and a beta of 1.08. The business has a 50 day simple moving average of $31.26 and a 200 day simple moving average of $30.07.

Institutional Trading of Schwab U.S. Mid-Cap ETF

A number of institutional investors have recently bought and sold shares of SCHM. Valpey Financial Services LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 2,876.4% in the fourth quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock worth $140,495,000 after buying an additional 4,082,734 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Schwab U.S. Mid-Cap ETF by 25.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,272,223 shares of the company’s stock valued at $288,136,000 after acquiring an additional 2,070,689 shares during the period. Thrivent Financial for Lutherans raised its stake in Schwab U.S. Mid-Cap ETF by 2,708.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,924,641 shares of the company’s stock worth $57,046,000 after acquiring an additional 1,856,108 shares during the last quarter. Advisory Alpha LLC lifted its position in Schwab U.S. Mid-Cap ETF by 14.7% during the 2nd quarter. Advisory Alpha LLC now owns 8,373,700 shares of the company’s stock worth $234,882,000 after acquiring an additional 1,072,948 shares during the period. Finally, Financial Planning Navigators CORP purchased a new stake in Schwab U.S. Mid-Cap ETF during the 4th quarter valued at about $22,267,000.

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.