Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Hits New 1-Year High – Should You Buy?

Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $30.32 and last traded at $30.3010, with a volume of 431388 shares trading hands. The stock had previously closed at $30.08.

Schwab U.S. Mid-Cap ETF Stock Performance

The business has a fifty day moving average of $29.57 and a 200-day moving average of $28.88. The firm has a market capitalization of $12.31 billion, a P/E ratio of 18.83 and a beta of 1.08.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCHM. Atwood & Palmer Inc. bought a new stake in shares of Schwab U.S. Mid-Cap ETF in the second quarter valued at about $25,000. Fifth Third Bancorp acquired a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at approximately $30,000. Accredited Wealth Management LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 100.0% during the 3rd quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock worth $30,000 after acquiring an additional 502 shares during the last quarter. Guerra Advisors Inc acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth about $33,000. Finally, Creative Capital Management Investments LLC bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter worth approximately $38,000.

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.