Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sees Strong Trading Volume

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHMGet Free Report) shares saw unusually-high trading volume on Friday . Approximately 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 has a market capitalization of $11.19 billion, a PE ratio of 16.47 and a beta of 1.09. The firm has a 50-day moving average of $78.59 and a two-hundred day moving average of $74.09.

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

A number of institutional investors and hedge funds have recently bought and sold shares of SCHM. FAS Wealth Partners Inc. lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 0.7% during the fourth quarter. FAS Wealth Partners Inc. now owns 178,151 shares of the company’s stock worth $13,418,000 after purchasing an additional 1,205 shares in the last quarter. Nicholas Hoffman & Company LLC. grew its position in Schwab U.S. Mid-Cap ETF by 15.5% in the fourth quarter. Nicholas Hoffman & Company LLC. now owns 25,349 shares of the company’s stock valued at $1,909,000 after acquiring an additional 3,410 shares in the last quarter. Mengis Capital Management Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 0.3% during the third quarter. Mengis Capital Management Inc. now owns 52,221 shares of the company’s stock valued at $3,534,000 after purchasing an additional 175 shares during the period. Larson Financial Group LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 9.5% during the fourth quarter. Larson Financial Group LLC now owns 168,186 shares of the company’s stock worth $12,668,000 after purchasing an additional 14,551 shares in the last quarter. Finally, Abbrea Capital LLC boosted its stake in shares of Schwab U.S. Mid-Cap ETF by 3.6% in the fourth quarter. Abbrea Capital LLC now owns 29,675 shares of the company’s stock valued at $2,235,000 after purchasing an additional 1,030 shares during the period.

Schwab U.S. Mid-Cap ETF Company Profile

(Get Free Report)

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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