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

Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) reached a new 52-week high on Thursday . The stock 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 Trading Up 0.7%

The firm has a market cap of $12.31 billion, a PE ratio of 18.83 and a beta of 1.08. The business’s 50-day simple moving average is $29.57 and its 200 day simple moving average is $28.88.

Institutional Trading of Schwab U.S. Mid-Cap ETF

Several large investors have recently bought and sold shares of SCHM. Brighton Jones LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 200.4% in the fourth quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock valued at $645,000 after acquiring an additional 15,538 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in 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 worth $3,187,000 after acquiring an additional 75,941 shares during the period. Natixis Advisors LLC increased its stake in Schwab U.S. Mid-Cap ETF by 93.3% in the first quarter. Natixis Advisors LLC now owns 84,888 shares of the company’s stock valued at $2,224,000 after purchasing an additional 40,965 shares during the last quarter. Commerce Bank boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 5.0% in the 1st quarter. Commerce Bank now owns 36,065 shares of the company’s stock valued at $945,000 after purchasing an additional 1,709 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 4.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 697,072 shares of the company’s stock worth $18,263,000 after purchasing an additional 28,566 shares during the period.

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.