Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sees Unusually-High Trading Volume – Here’s Why

Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) saw strong trading volume on Thursday . 1,470,679 shares changed hands during trading, a decline of 3% from the previous session’s volume of 1,510,343 shares.The stock last traded at $30.77 and had previously closed at $31.25.

Schwab U.S. Mid-Cap ETF Price Performance

The stock has a 50 day simple moving average of $31.88 and a 200-day simple moving average of $30.74. The firm has a market cap of $12.85 billion, a PE ratio of 18.83 and a beta of 1.08.

Hedge Funds Weigh In On Schwab U.S. Mid-Cap ETF

Several large investors have recently modified their holdings of SCHM. Fifth Third Bancorp purchased a new stake in Schwab U.S. Mid-Cap ETF during the 3rd quarter valued at about $30,000. Accredited Wealth Management LLC raised its holdings 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 worth $30,000 after buying an additional 502 shares during the last quarter. Kingdom Financial Group LLC. purchased a new position in Schwab U.S. Mid-Cap ETF in the fourth quarter worth about $31,000. Ransom Advisory Ltd bought a new position in shares of Schwab U.S. Mid-Cap ETF in the fourth quarter worth approximately $32,000. Finally, Guerra Advisors Inc bought a new position in shares of Schwab U.S. Mid-Cap ETF in the third quarter worth 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.