Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Hits New 52-Week High at $83.47

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) shares hit a new 52-week high on Tuesday . The stock traded as high as $83.47 and last traded at $83.31, with a volume of 15491 shares traded. The stock had previously closed at $83.01.

Schwab U.S. Mid-Cap ETF Price Performance

The firm’s 50-day moving average is $79.84 and its two-hundred day moving average is $79.08. The company has a market cap of $11.92 billion, a P/E ratio of 16.47 and a beta of 1.09.

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

Several large investors have recently added to or reduced their stakes in SCHM. Centaurus Financial Inc. raised its holdings in Schwab U.S. Mid-Cap ETF by 6.1% during the 2nd quarter. Centaurus Financial Inc. now owns 3,622 shares of the company’s stock valued at $282,000 after buying an additional 209 shares during the period. American Trust lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 39.0% in the 2nd quarter. American Trust now owns 4,165 shares of the company’s stock worth $324,000 after acquiring an additional 1,169 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter worth about $486,000. Creekside Partners purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the 2nd quarter worth about $2,885,000. Finally, Souders Financial Advisors grew its holdings in Schwab U.S. Mid-Cap ETF by 1.8% during the 2nd quarter. Souders Financial Advisors now owns 46,163 shares of the company’s stock valued at $3,593,000 after purchasing an additional 838 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.