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 during trading on Monday . The stock traded as high as $36.92 and last traded at $36.85, with a volume of 202242 shares trading hands. The stock had previously closed at $36.70.

Schwab U.S. Mid-Cap ETF Price Performance

The stock has a market capitalization of $15.06 billion, a P/E ratio of 18.83 and a beta of 1.04. The stock’s fifty day moving average is $35.72 and its two-hundred day moving average is $33.93.

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

Several large investors have recently modified their holdings of SCHM. Northwestern Mutual Wealth Management Co. boosted its position in shares of Schwab U.S. Mid-Cap ETF by 4.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock valued at $328,744,000 after purchasing an additional 459,489 shares during the period. Moneta Group Investment Advisors LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 6.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock worth $320,830,000 after buying an additional 648,134 shares during the period. Valpey Financial Services LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 2,876.4% during the 4th quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock worth $140,495,000 after buying an additional 4,082,734 shares during the period. Mariner LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 1.8% during the fourth quarter. Mariner LLC now owns 2,204,963 shares of the company’s stock valued at $66,304,000 after buying an additional 39,511 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in Schwab U.S. Mid-Cap ETF by 7.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,072,838 shares of the company’s stock valued at $62,950,000 after buying an additional 148,197 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.