Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sets New 52-Week High – Time to Buy?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) hit a new 52-week high on Thursday . The stock traded as high as $36.66 and last traded at $36.29, with a volume of 374147 shares changing hands. The stock had previously closed at $35.80.

Schwab U.S. Mid-Cap ETF Stock Up 1.8%

The firm has a market capitalization of $15.31 billion, a PE ratio of 18.83 and a beta of 1.04. The stock has a 50-day simple moving average of $34.70 and a 200-day simple moving average of $32.65.

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

Several large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 41.7% in the fourth quarter. Farther Finance Advisors LLC now owns 538,826 shares of the company’s stock worth $16,202,000 after acquiring an additional 158,469 shares during the period. Chicago Partners Investment Group LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 10.8% in the fourth quarter. Chicago Partners Investment Group LLC now owns 951,922 shares of the company’s stock valued at $30,528,000 after purchasing an additional 93,144 shares in the last quarter. Dorato Capital Management bought a new stake in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at $2,361,000. Fragasso Financial Advisors Inc raised its stake in shares of Schwab U.S. Mid-Cap ETF by 1.8% during the 4th quarter. Fragasso Financial Advisors Inc now owns 2,980,496 shares of the company’s stock valued at $89,624,000 after purchasing an additional 52,432 shares during the period. Finally, Blue Square Asset Management LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 28.0% during the 4th quarter. Blue Square Asset Management LLC now owns 305,958 shares of the company’s stock worth $9,200,000 after purchasing an additional 66,876 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.