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

Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $32.60 and last traded at $32.5740, with a volume of 771656 shares. The stock had previously closed at $31.71.

Schwab U.S. Mid-Cap ETF Trading Up 2.9%

The firm has a market capitalization of $13.37 billion, a PE ratio of 18.83 and a beta of 1.08. The company has a fifty day moving average price of $31.04 and a two-hundred day moving average price of $29.96.

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

Large investors have recently modified their holdings of the company. Fifth Third Bancorp purchased a new stake in Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at $30,000. Accredited Wealth Management LLC increased its stake in Schwab U.S. Mid-Cap ETF by 100.0% in the third quarter. Accredited Wealth Management LLC now owns 1,004 shares of the company’s stock valued at $30,000 after purchasing an additional 502 shares during the period. Kingdom Financial Group LLC. purchased a new stake in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter valued at about $31,000. Ransom Advisory Ltd acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth about $32,000. Finally, Guerra Advisors Inc acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth about $33,000.

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.