Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sets New 52-Week High – Time to Buy?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) reached a new 52-week high during trading on Thursday . The stock traded as high as $36.66 and last traded at $36.29, with a volume of 374147 shares changing hands. The stock had previously closed at $35.80.

Schwab U.S. Mid-Cap ETF Stock Up 1.8%

The business has a 50-day moving average price of $34.70 and a two-hundred day moving average price of $32.65. The company has a market capitalization of $15.31 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SCHM. Valpey Financial Services LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 2,876.4% during the fourth quarter. Valpey Financial Services LLC now owns 4,224,671 shares of the company’s stock worth $140,495,000 after acquiring an additional 4,082,734 shares in the last quarter. 93 Financial Group LLC bought a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at about $48,614,000. Financial Solutions Advisory Group Inc. acquired a new position in Schwab U.S. Mid-Cap ETF during the 1st quarter valued at about $39,615,000. Financial Planning Navigators CORP acquired a new position in Schwab U.S. Mid-Cap ETF during the 4th quarter valued at about $22,267,000. Finally, Moneta Group Investment Advisors LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 6.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock worth $320,830,000 after purchasing an additional 648,134 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.