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

Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $33.05 and last traded at $32.75, with a volume of 1111774 shares changing hands. The stock had previously closed at $32.77.

Schwab U.S. Mid-Cap ETF Price Performance

The stock has a market capitalization of $13.33 billion, a P/E ratio of 18.83 and a beta of 1.08. The stock has a fifty day moving average price of $31.35 and a 200 day moving average price of $30.11.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Creative Planning lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 2.4% in the second quarter. Creative Planning now owns 29,603,590 shares of the company’s stock worth $830,381,000 after buying an additional 684,597 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in Schwab U.S. Mid-Cap ETF by 4.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock worth $328,744,000 after acquiring an additional 459,489 shares during the period. HighTower Advisors LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock worth $319,596,000 after purchasing an additional 198,793 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its holdings 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 during the period. Finally, Advisory Alpha LLC boosted its holdings in Schwab U.S. Mid-Cap ETF by 6.8% in the 3rd quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after purchasing an additional 568,609 shares during the period.

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.