Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Hits New 1-Year Low – Should You Sell?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) hit a new 52-week low during trading on Friday . The stock traded as low as $24.00 and last traded at $24.06, with a volume of 2187 shares trading hands. The stock had previously closed at $24.94.

Schwab U.S. Mid-Cap ETF Trading Down 5.2 %

The stock has a 50-day moving average of $27.51 and a two-hundred day moving average of $28.08. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 18.01 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a $0.0776 dividend. The ex-dividend date was Wednesday, March 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCHM. Triton Wealth Management PLLC lifted its stake in Schwab U.S. Mid-Cap ETF by 199.9% in the fourth quarter. Triton Wealth Management PLLC now owns 15,403 shares of the company’s stock valued at $447,000 after acquiring an additional 10,267 shares during the last quarter. CWC Advisors LLC. raised its holdings in Schwab U.S. Mid-Cap ETF by 202.4% during the fourth quarter. CWC Advisors LLC. now owns 18,578 shares of the company’s stock valued at $515,000 after buying an additional 12,434 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 198.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,089,280 shares of the company’s stock valued at $168,734,000 after buying an additional 4,046,898 shares in the last quarter. Centaurus Financial Inc. lifted its position in shares of Schwab U.S. Mid-Cap ETF by 199.9% in the fourth quarter. Centaurus Financial Inc. now owns 10,742 shares of the company’s stock worth $298,000 after buying an additional 7,160 shares during the last quarter. Finally, Berkeley Inc boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 45.2% during the 4th quarter. Berkeley Inc now owns 13,604 shares of the company’s stock worth $377,000 after acquiring an additional 4,234 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.