Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Reaches New 12-Month High at $82.98

Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $82.98 and last traded at $82.68, with a volume of 151812 shares trading hands. The stock had previously closed at $81.72.

Schwab U.S. Mid-Cap ETF Stock Performance

The stock has a market cap of $11.71 billion, a P/E ratio of 16.47 and a beta of 1.09. The business’s 50-day moving average price is $79.58 and its 200-day moving average price is $78.98.

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

Several hedge funds have recently bought and sold shares of the stock. Corient Private Wealth LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 2.4% during the 4th quarter. Corient Private Wealth LLC now owns 231,075 shares of the company’s stock valued at $17,405,000 after buying an additional 5,389 shares in the last quarter. Napatree Capital LLC bought a new stake in Schwab U.S. Mid-Cap ETF during the 4th quarter worth approximately $2,110,000. Burkett Financial Services LLC purchased a new position in Schwab U.S. Mid-Cap ETF during the fourth quarter valued at approximately $2,397,000. Human Investing LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth approximately $221,000. Finally, Clear Rock Advisors LLC bought a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth approximately $4,440,000.

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.