Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Hits New 12-Month High – Still a Buy?

Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHMGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $36.92 and last traded at $36.85, with a volume of 202242 shares traded. The stock had previously closed at $36.70.

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

The firm has a 50-day moving average price of $35.66 and a 200-day moving average price of $33.86. The stock has a market capitalization of $15.41 billion, a PE ratio of 18.83 and a beta of 1.04.

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

A number of large investors have recently bought and sold shares of the company. Godsey & Gibb Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the first quarter worth about $29,000. Evergreen Advisors LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the first quarter worth $29,000. Compass Financial Management LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at $30,000. Kingdom Financial Group LLC. bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at $31,000. Finally, Archer Investment Corp raised its stake 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 valued at $33,000 after purchasing an additional 782 shares during the period.

About Schwab U.S. Mid-Cap ETF

(Get Free Report)

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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