Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) saw unusually-high trading volume on Friday . Approximately 2,789,425 shares changed hands during mid-day trading, an increase of 118% from the previous session’s volume of 1,278,490 shares.The stock last traded at $35.8110 and had previously closed at $35.63.
Schwab U.S. Mid-Cap ETF Trading Up 0.5%
The firm has a market cap of $14.96 billion, a PE ratio of 18.83 and a beta of 1.04. The stock’s 50 day moving average price is $35.69 and its 200 day moving average price is $34.23.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SCHM. Parkside Financial Bank & Trust boosted its holdings in Schwab U.S. Mid-Cap ETF by 8.5% during the second quarter. Parkside Financial Bank & Trust now owns 32,561 shares of the company’s stock worth $1,201,000 after purchasing an additional 2,561 shares during the last quarter. Range Advisory LLC raised its holdings in Schwab U.S. Mid-Cap ETF by 52.7% in the 2nd quarter. Range Advisory LLC now owns 293,784 shares of the company’s stock valued at $10,832,000 after buying an additional 101,396 shares during the last quarter. Serenity Investment Advisors increased its holdings in Schwab U.S. Mid-Cap ETF by 9.3% in the second quarter. Serenity Investment Advisors now owns 40,466 shares of the company’s stock valued at $1,463,000 after purchasing an additional 3,440 shares during the period. Ameritas Advisory Services LLC lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 147.1% in the second quarter. Ameritas Advisory Services LLC now owns 105,776 shares of the company’s stock worth $3,900,000 after acquiring an additional 62,974 shares during the period. Finally, HB Wealth Management LLC raised its stake in Schwab U.S. Mid-Cap ETF by 19.4% during the second quarter. HB Wealth Management LLC now owns 372,500 shares of the company’s stock worth $13,734,000 after buying an additional 60,558 shares during 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.
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