Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sets New 1-Year High – Should You Buy?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $29.08 and last traded at $28.97, with a volume of 106516 shares traded. The stock had previously closed at $28.05.

Schwab U.S. Mid-Cap ETF Stock Up 3.6 %

The firm has a 50 day moving average price of $27.43 and a 200 day moving average price of $26.67. The stock has a market cap of $4.17 billion, a PE ratio of 16.47 and a beta of 1.09.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI boosted its position in Schwab U.S. Mid-Cap ETF by 72.8% during the 2nd quarter. National Bank of Canada FI now owns 6,055 shares of the company’s stock valued at $480,000 after acquiring an additional 2,550 shares in the last quarter. Blair William & Co. IL raised its holdings in Schwab U.S. Mid-Cap ETF by 36.7% in the first quarter. Blair William & Co. IL now owns 6,932 shares of the company’s stock worth $564,000 after purchasing an additional 1,860 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 6.6% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,019 shares of the company’s stock valued at $327,000 after buying an additional 250 shares during the last quarter. Choreo LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 41.3% during the second quarter. Choreo LLC now owns 28,763 shares of the company’s stock valued at $2,217,000 after buying an additional 8,409 shares during the last quarter. Finally, Advisory Alpha LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 7.2% during the 2nd quarter. Advisory Alpha LLC now owns 1,837,312 shares of the company’s stock worth $143,004,000 after acquiring an additional 123,777 shares in 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.