Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sees Large Volume Increase – Still a Buy?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) saw unusually-strong trading volume on Friday . Approximately 1,067,327 shares traded hands during mid-day trading, an increase of 12% from the previous session’s volume of 951,527 shares.The stock last traded at $27.74 and had previously closed at $27.54.

Schwab U.S. Mid-Cap ETF Stock Up 0.3 %

The firm has a market capitalization of $3.96 billion, a P/E ratio of 16.47 and a beta of 1.09. The stock has a fifty day simple moving average of $27.40 and a 200 day simple moving average of $26.62.

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

Several institutional investors and hedge funds have recently modified their holdings of SCHM. Kingsview Wealth Management LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 0.9% during the first quarter. Kingsview Wealth Management LLC now owns 14,509 shares of the company’s stock valued at $1,181,000 after buying an additional 126 shares during the last quarter. Fairman Group LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 6.9% during the 2nd quarter. Fairman Group LLC now owns 1,965 shares of the company’s stock valued at $153,000 after acquiring an additional 127 shares during the last quarter. Cornerstone Wealth Management LLC grew its holdings in shares of Schwab U.S. Mid-Cap ETF by 1.2% in the second quarter. Cornerstone Wealth Management LLC now owns 11,166 shares of the company’s stock valued at $869,000 after purchasing an additional 130 shares in the last quarter. Waterfront Wealth Inc. increased its position in Schwab U.S. Mid-Cap ETF by 0.6% in the second quarter. Waterfront Wealth Inc. now owns 22,529 shares of the company’s stock worth $1,753,000 after purchasing an additional 130 shares during the last quarter. Finally, RFG Advisory LLC raised its stake in Schwab U.S. Mid-Cap ETF by 3.6% during the second quarter. RFG Advisory LLC now owns 4,012 shares of the company’s stock valued at $312,000 after purchasing an additional 141 shares in 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.