Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $34.22 and last traded at $34.10, with a volume of 258356 shares traded. The stock had previously closed at $34.05.
Schwab U.S. Mid-Cap ETF Trading Down 0.4%
The firm’s fifty day moving average price is $32.19 and its 200-day moving average price is $31.21. The company has a market cap of $14.24 billion, a P/E ratio of 18.83 and a beta of 1.04.
Hedge Funds Weigh In On Schwab U.S. Mid-Cap ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caprock Group LLC acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at about $697,000. Belpointe Asset Management LLC raised its position in Schwab U.S. Mid-Cap ETF by 85.8% in the third quarter. Belpointe Asset Management LLC now owns 45,867 shares of the company’s stock worth $1,359,000 after purchasing an additional 21,177 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in Schwab U.S. Mid-Cap ETF in the third quarter worth about $727,000. Seneca Financial Advisors LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 16.8% during the third quarter. Seneca Financial Advisors LLC now owns 696,167 shares of the company’s stock worth $20,634,000 after purchasing an additional 100,076 shares during the period. Finally, Cynosure Group LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 69.7% during the third quarter. Cynosure Group LLC now owns 50,054 shares of the company’s stock valued at $1,484,000 after purchasing an additional 20,557 shares in the last quarter.
About Schwab U.S. Mid-Cap ETF
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.
Further Reading
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