Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sets New 1-Year High – What’s Next?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as $30.96 and last traded at $30.9340, with a volume of 756611 shares traded. The stock had previously closed at $30.48.

Schwab U.S. Mid-Cap ETF Stock Performance

The firm’s fifty day simple moving average is $29.87 and its 200 day simple moving average is $29.38. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 18.83 and a beta of 1.08.

Institutional Investors Weigh In On Schwab U.S. Mid-Cap ETF

Several hedge funds have recently bought and sold shares of SCHM. Creative Planning raised its holdings in Schwab U.S. Mid-Cap ETF by 2.4% during the second quarter. Creative Planning now owns 29,603,590 shares of the company’s stock worth $830,381,000 after buying an additional 684,597 shares during the last quarter. HighTower Advisors LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 1.9% in the third quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock valued at $319,596,000 after acquiring an additional 198,793 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Schwab U.S. Mid-Cap ETF by 2.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 10,473,140 shares of the company’s stock worth $310,424,000 after acquiring an additional 200,917 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 5.9% during the third quarter. Moneta Group Investment Advisors LLC now owns 10,021,294 shares of the company’s stock worth $297,031,000 after purchasing an additional 555,701 shares during the last quarter. Finally, Advisory Alpha LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 6.8% during the 3rd quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after purchasing an additional 568,609 shares during 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.