Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Hits New 52-Week High – Should You Buy?

Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) reached a new 52-week high on Monday . The company traded as high as $36.92 and last traded at $36.85, with a volume of 202242 shares changing hands. The stock had previously closed at $36.70.

Schwab U.S. Mid-Cap ETF Stock Up 0.5%

The stock has a market capitalization of $15.41 billion, a P/E ratio of 18.83 and a beta of 1.04. The company has a 50-day moving average price of $35.66 and a two-hundred day moving average price of $33.86.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Brighton Jones LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 200.4% in the fourth quarter. Brighton Jones LLC now owns 23,293 shares of the company’s stock worth $645,000 after purchasing an additional 15,538 shares during the period. Revolve Wealth Partners LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 194.4% during the fourth quarter. Revolve Wealth Partners LLC now owns 115,000 shares of the company’s stock valued at $3,187,000 after buying an additional 75,941 shares during the period. Royal Bank of Canada boosted its stake in Schwab U.S. Mid-Cap ETF by 5.1% during the first quarter. Royal Bank of Canada now owns 154,252 shares of the company’s stock valued at $4,042,000 after buying an additional 7,443 shares during the period. Goldman Sachs Group Inc. boosted its stake in Schwab U.S. Mid-Cap ETF by 1.0% during the first quarter. Goldman Sachs Group Inc. now owns 485,015 shares of the company’s stock valued at $12,707,000 after buying an additional 4,886 shares during the period. Finally, Russell Investments Group Ltd. grew its position in Schwab U.S. Mid-Cap ETF by 37.4% during the second quarter. Russell Investments Group Ltd. now owns 3,359 shares of the company’s stock worth $94,000 after buying an additional 915 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.