Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) saw strong trading volume on Friday . 856,999 shares were traded during trading, an increase of 165% from the previous session’s volume of 323,982 shares.The stock last traded at $77.98 and had previously closed at $77.33.
Schwab U.S. Mid-Cap ETF Trading Up 0.9 %
The firm’s fifty day moving average price is $78.59 and its 200-day moving average price is $74.09. The company has a market cap of $11.19 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.
Hedge Funds Weigh In On Schwab U.S. Mid-Cap ETF
Institutional investors have recently modified their holdings of the business. Essex LLC increased its position in shares of Schwab U.S. Mid-Cap ETF by 7.8% during the first quarter. Essex LLC now owns 169,989 shares of the company’s stock worth $13,842,000 after acquiring an additional 12,358 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 6.8% in the 1st quarter. DAVENPORT & Co LLC now owns 418,439 shares of the company’s stock worth $34,074,000 after purchasing an additional 26,503 shares during the period. Embree Financial Group increased its holdings in Schwab U.S. Mid-Cap ETF by 4.1% during the 1st quarter. Embree Financial Group now owns 15,362 shares of the company’s stock worth $1,251,000 after purchasing an additional 598 shares in the last quarter. Nicollet Investment Management Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 1.0% in the 1st quarter. Nicollet Investment Management Inc. now owns 40,157 shares of the company’s stock valued at $3,270,000 after purchasing an additional 386 shares during the period. Finally, Pittenger & Anderson Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 1.1% in the 1st quarter. Pittenger & Anderson Inc. now owns 166,147 shares of the company’s stock valued at $13,529,000 after purchasing an additional 1,743 shares during the period.
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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