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

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)’s share price reached a new 52-week high on Saturday . The stock traded as high as $33.18 and last traded at $32.97, with a volume of 5787432 shares trading hands. The stock had previously closed at $32.80.

Schwab U.S. Mid-Cap ETF Stock Performance

The firm has a fifty day simple moving average of $31.58 and a 200 day simple moving average of $30.28. The company has a market capitalization of $13.50 billion, a PE ratio of 18.83 and a beta of 1.08.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Creative Planning raised its holdings in Schwab U.S. Mid-Cap ETF by 2.4% in the second quarter. Creative Planning now owns 29,603,590 shares of the company’s stock worth $830,381,000 after purchasing an additional 684,597 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 4.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 10,932,629 shares of the company’s stock worth $328,744,000 after acquiring an additional 459,489 shares in the last quarter. HighTower Advisors LLC raised its stake in shares of Schwab U.S. Mid-Cap ETF by 1.9% during the 3rd quarter. HighTower Advisors LLC now owns 10,782,575 shares of the company’s stock worth $319,596,000 after acquiring an additional 198,793 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in Schwab U.S. Mid-Cap ETF by 6.5% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 10,669,428 shares of the company’s stock valued at $320,830,000 after acquiring an additional 648,134 shares during the last quarter. Finally, Advisory Alpha LLC boosted its stake in Schwab U.S. Mid-Cap ETF by 6.8% in the third quarter. Advisory Alpha LLC now owns 8,942,309 shares of the company’s stock valued at $267,436,000 after acquiring an additional 568,609 shares in the last quarter.

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.