Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sees Unusually-High Trading Volume – Should You Buy?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) shares saw strong trading volume on Monday . 3,669,867 shares traded hands during trading, an increase of 218% from the previous session’s volume of 1,154,078 shares.The stock last traded at $27.50 and had previously closed at $27.14.

Schwab U.S. Mid-Cap ETF Price Performance

The firm has a market cap of $11.38 billion, a price-to-earnings ratio of 19.13 and a beta of 1.07. The business has a fifty day simple moving average of $26.21 and a 200 day simple moving average of $27.30.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Financial Engines Advisors L.L.C. boosted its position in Schwab U.S. Mid-Cap ETF by 129.1% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 59,401,539 shares of the company’s stock worth $1,646,017,000 after acquiring an additional 33,472,238 shares during the last quarter. HighTower Advisors LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 209.3% in the 4th quarter. HighTower Advisors LLC now owns 10,077,570 shares of the company’s stock worth $279,249,000 after purchasing an additional 6,819,239 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 196.5% during the 4th quarter. Cerity Partners LLC now owns 6,714,292 shares of the company’s stock worth $186,110,000 after purchasing an additional 4,449,523 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Schwab U.S. Mid-Cap ETF by 198.1% in 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 purchasing an additional 4,046,898 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at approximately $67,051,000.

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.