Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $28.37 and last traded at $28.31, with a volume of 4383 shares. The stock had previously closed at $28.30.
Schwab U.S. Mid-Cap ETF Stock Down 0.2 %
The stock has a 50 day simple moving average of $76.61 and a 200 day simple moving average of $77.91. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in SCHM. Northwestern Mutual Wealth Management Co. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 33.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock valued at $177,692,000 after purchasing an additional 574,475 shares in the last quarter. Williams Financial LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 6,285.7% during the second quarter. Williams Financial LLC now owns 320,369 shares of the company’s stock valued at $25,145,000 after purchasing an additional 315,352 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Schwab U.S. Mid-Cap ETF by 795.6% during the first quarter. Cetera Investment Advisers now owns 325,438 shares of the company’s stock valued at $26,500,000 after purchasing an additional 289,099 shares in the last quarter. Tradewinds Capital Management LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF during the first quarter valued at about $17,337,000. Finally, Apollon Wealth Management LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 1,245.9% during the second quarter. Apollon Wealth Management LLC now owns 229,962 shares of the company’s stock worth $17,898,000 after buying an additional 212,876 shares during 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.
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