Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sees Strong Trading Volume – Time to Buy?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) shares saw unusually-high trading volume on Tuesday . Approximately 3,790,278 shares traded hands during mid-day trading, an increase of 176% from the previous session’s volume of 1,375,696 shares.The stock last traded at $33.36 and had previously closed at $33.79.

Schwab U.S. Mid-Cap ETF Price Performance

The company has a market cap of $14.11 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. The stock has a 50 day simple moving average of $32.54 and a two-hundred day simple moving average of $31.53.

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

A number of institutional investors have recently modified their holdings of the company. Valpey Financial Services LLC grew its stake in shares of Schwab U.S. Mid-Cap ETF by 2,876.4% in the fourth quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock worth $140,495,000 after acquiring an additional 4,082,734 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Schwab U.S. Mid-Cap ETF by 2,708.3% in the third quarter. Thrivent Financial for Lutherans now owns 1,924,641 shares of the company’s stock valued at $57,046,000 after purchasing an additional 1,856,108 shares during the period. 93 Financial Group LLC acquired a new position in Schwab U.S. Mid-Cap ETF during the 4th quarter worth $48,614,000. Financial Planning Navigators CORP acquired a new stake in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at about $22,267,000. Finally, Moneta Group Investment Advisors LLC raised its position in Schwab U.S. Mid-Cap ETF by 6.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after purchasing an additional 648,134 shares in the last quarter.

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.