Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Reaches New 52-Week High – What’s Next?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $29.08 and last traded at $28.97, with a volume of 106516 shares changing hands. The stock had previously closed at $28.05.

Schwab U.S. Mid-Cap ETF Trading Up 3.6 %

The company has a market cap of $4.17 billion, a P/E ratio of 16.47 and a beta of 1.09. The company’s fifty day moving average is $27.43 and its 200 day moving average is $26.67.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SCHM. Farmers & Merchants Investments Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at about $25,000. EverSource Wealth Advisors LLC increased its stake in shares of Schwab U.S. Mid-Cap ETF by 75.9% in the first quarter. EverSource Wealth Advisors LLC now owns 343 shares of the company’s stock worth $26,000 after buying an additional 148 shares during the period. Chilton Capital Management LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter worth $30,000. Cordant Inc. bought a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at $30,000. Finally, Institutional & Family Asset Management LLC boosted its position in Schwab U.S. Mid-Cap ETF by 500.0% during the 2nd quarter. Institutional & Family Asset Management LLC now owns 432 shares of the company’s stock valued at $34,000 after buying an additional 360 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.