Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Trading Down 0.5% – Should You Sell?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)’s stock price fell 0.5% on Friday . The company traded as low as $28.88 and last traded at $28.99. 796,463 shares were traded during trading, a decline of 16% from the average session volume of 949,606 shares. The stock had previously closed at $29.13.

Schwab U.S. Mid-Cap ETF Price Performance

The company has a market cap of $4.16 billion, a P/E ratio of 16.47 and a beta of 1.09. The company’s 50-day moving average is $28.68 and its two-hundred day moving average is $27.24.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. purchased a new stake in Schwab U.S. Mid-Cap ETF in the 2nd quarter worth $25,000. Chilton Capital Management LLC purchased a new stake in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter worth approximately $30,000. Cordant Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at approximately $30,000. Archer Investment Corp grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% in the third quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after purchasing an additional 393 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV bought a new position in Schwab U.S. Mid-Cap ETF during the third quarter valued at $41,000.

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.