Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sees Strong Trading Volume – What’s Next?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) shares saw an uptick in trading volume on Friday . 3,972,601 shares traded hands during mid-day trading, an increase of 199% from the previous session’s volume of 1,330,841 shares.The stock last traded at $33.1050 and had previously closed at $32.80.

Schwab U.S. Mid-Cap ETF Stock Up 0.5%

The business has a fifty day moving average of $31.58 and a 200 day moving average of $30.26. The firm has a market cap of $13.50 billion, a P/E ratio of 18.83 and a beta of 1.08.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SCHM. Fifth Third Bancorp bought a new position in shares of Schwab U.S. Mid-Cap ETF during the third quarter worth $30,000. Accredited Wealth Management LLC increased its holdings in shares of 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 worth $30,000 after acquiring an additional 502 shares in the last quarter. Kingdom Financial Group LLC. acquired a new stake in shares of Schwab U.S. Mid-Cap ETF during the fourth quarter worth about $31,000. Ransom Advisory Ltd bought a new position in shares of Schwab U.S. Mid-Cap ETF during the 4th quarter valued at about $32,000. Finally, Guerra Advisors Inc acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter valued at approximately $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.