Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) shares crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $34.93 and traded as high as $35.34. Schwab U.S. Mid-Cap ETF shares last traded at $35.33, with a volume of 2,792,417 shares traded.

Schwab U.S. Mid-Cap ETF Stock Down 1.2%

The stock has a market cap of $14.80 billion, a price-to-earnings ratio of 18.83 and a beta of 1.05. The business’s 50 day simple moving average is $34.91 and its 200 day simple moving average is $34.08.

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

A number of hedge funds have recently modified their holdings of the stock. Kestra Private Wealth Services LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 25.3% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 15,125 shares of the company’s stock worth $515,000 after acquiring an additional 3,050 shares during the last quarter. Clear Point Advisors Inc. increased its stake in Schwab U.S. Mid-Cap ETF by 2.6% in the third quarter. Clear Point Advisors Inc. now owns 35,273 shares of the company’s stock valued at $1,200,000 after acquiring an additional 886 shares during the last quarter. Kelleher Financial Advisors bought a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at $278,000. Third View Private Wealth LLC bought a new position in Schwab U.S. Mid-Cap ETF in the third quarter valued at $1,090,000. Finally, Reston Wealth Management LLC raised its position in Schwab U.S. Mid-Cap ETF by 5.6% during the third quarter. Reston Wealth Management LLC now owns 200,514 shares of the company’s stock valued at $6,821,000 after purchasing an additional 10,666 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.