Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Reaches New 52-Week High – Here’s What Happened

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $33.96 and last traded at $33.93, with a volume of 801458 shares changing hands. The stock had previously closed at $33.76.

Schwab U.S. Mid-Cap ETF Stock Performance

The company has a market cap of $14.16 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. The company has a fifty day moving average of $32.07 and a two-hundred day moving average of $31.03.

Hedge Funds Weigh In On Schwab U.S. Mid-Cap ETF

Several large investors have recently bought and sold shares of the company. Caprock Group LLC bought a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $697,000. Arkadios Wealth Advisors bought a new position in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $727,000. Belpointe Asset Management LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 85.8% in the 3rd quarter. Belpointe Asset Management LLC now owns 45,867 shares of the company’s stock valued at $1,359,000 after buying an additional 21,177 shares during the last quarter. Seneca Financial Advisors LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 16.8% in the 3rd quarter. Seneca Financial Advisors LLC now owns 696,167 shares of the company’s stock valued at $20,634,000 after buying an additional 100,076 shares during the last quarter. Finally, Kavar Capital Partners Group LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 9.9% in the 3rd quarter. Kavar Capital Partners Group LLC now owns 344,233 shares of the company’s stock valued at $10,203,000 after buying an additional 31,136 shares during 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.