Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Hits New 52-Week High – Should You Buy?

Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) hit a new 52-week high during trading on Friday . The stock traded as high as $29.61 and last traded at $29.61, with a volume of 98653 shares changing hands. The stock had previously closed at $29.30.

Schwab U.S. Mid-Cap ETF Trading Up 1.3 %

The stock’s fifty day moving average price is $28.01 and its two-hundred day moving average price is $26.92. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SCHM. Farmers & Merchants Investments Inc. acquired a new position in Schwab U.S. Mid-Cap ETF during the 2nd quarter valued at about $25,000. EverSource Wealth Advisors LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 75.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 343 shares of the company’s stock valued at $26,000 after purchasing an additional 148 shares in the last quarter. Chilton Capital Management LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at about $30,000. Cordant Inc. bought a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter worth about $30,000. Finally, Institutional & Family Asset Management LLC grew its position in shares of 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 worth $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.