Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Reaches New 1-Year High – Here’s What Happened

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) hit a new 52-week high on Wednesday . The company traded as high as $36.90 and last traded at $36.87, with a volume of 873251 shares trading hands. The stock had previously closed at $36.45.

Schwab U.S. Mid-Cap ETF Price Performance

The firm has a market cap of $14.94 billion, a price-to-earnings ratio of 18.83 and a beta of 1.03. The firm’s fifty day moving average is $35.05 and its two-hundred day moving average is $32.91.

Institutional Trading of Schwab U.S. Mid-Cap ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Evergreen Advisors LLC bought a new stake in Schwab U.S. Mid-Cap ETF during the first quarter worth approximately $29,000. Godsey & Gibb Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the 1st quarter worth $29,000. Kingdom Financial Group LLC. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $31,000. Ransom Advisory Ltd acquired a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $32,000. Finally, Archer Investment Corp boosted its stake in Schwab U.S. Mid-Cap ETF by 266.9% during the first quarter. Archer Investment Corp now owns 1,075 shares of the company’s stock valued at $33,000 after buying an additional 782 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.