Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sets New 12-Month High at $81.83

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $81.83 and last traded at $81.76, with a volume of 96053 shares trading hands. The stock had previously closed at $80.44.

Schwab U.S. Mid-Cap ETF Stock Up 2.2 %

The stock’s 50 day moving average price is $78.67 and its 200-day moving average price is $77.55. The stock has a market capitalization of $11.78 billion, a P/E ratio of 16.47 and a beta of 1.09.

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

Several institutional investors have recently bought and sold shares of SCHM. Cerity Partners LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,509.2% in the fourth quarter. Cerity Partners LLC now owns 18,943,319 shares of the company’s stock worth $1,426,811,000 after buying an additional 17,766,110 shares during the last quarter. Sheets Smith Wealth Management raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,864.1% in the fourth quarter. Sheets Smith Wealth Management now owns 448,039 shares of the company’s stock worth $33,746,000 after buying an additional 425,228 shares during the last quarter. Advocacy Wealth Management Services LLC purchased a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth $26,898,000. Cetera Investment Advisers raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 795.6% in the first quarter. Cetera Investment Advisers now owns 325,438 shares of the company’s stock worth $26,500,000 after buying an additional 289,099 shares during the last quarter. Finally, Trust Point Inc. purchased a new position in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth $16,609,000.

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.