Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sets New 12-Month High – Should You Buy?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $35.10 and last traded at $35.06, with a volume of 63934 shares traded. The stock had previously closed at $34.73.

Schwab U.S. Mid-Cap ETF Price Performance

The company has a market capitalization of $14.76 billion, a price-to-earnings ratio of 18.83 and a beta of 1.04. The stock has a 50 day simple moving average of $32.99 and a two-hundred day simple moving average of $31.79.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Evergreen Advisors LLC acquired a new stake in Schwab U.S. Mid-Cap ETF in the first quarter valued at $29,000. Godsey & Gibb Inc. acquired a new stake in Schwab U.S. Mid-Cap ETF in the first quarter valued at $29,000. Fifth Third Bancorp acquired a new stake in Schwab U.S. Mid-Cap ETF in the third quarter valued at $30,000. Accredited Wealth Management LLC raised 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 buying an additional 502 shares in the last quarter. Finally, Kingdom Financial Group LLC. acquired a new stake in Schwab U.S. Mid-Cap ETF in the fourth quarter valued at $31,000.

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.