Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) reached 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 stock’s 50-day simple moving average is $34.96 and its two-hundred day simple moving average is $32.83. The firm has a market capitalization of $15.48 billion, a P/E ratio of 18.83 and a beta of 1.04.
Institutional Investors Weigh In On Schwab U.S. Mid-Cap ETF
A number of institutional investors and hedge funds have recently bought and sold shares of SCHM. Brighton Jones LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 200.4% in the 4th quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after purchasing an additional 15,538 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Schwab U.S. Mid-Cap ETF by 194.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $3,187,000 after buying an additional 75,941 shares during the last quarter. Royal Bank of Canada raised its position in shares of Schwab U.S. Mid-Cap ETF by 5.1% during the first quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock valued at $4,042,000 after buying an additional 7,443 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 1.0% in the first quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock worth $12,707,000 after buying an additional 4,886 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 37.4% in the second quarter. Russell Investments Group Ltd. now owns 3,359 shares of the company’s stock worth $94,000 after buying an additional 915 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.
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