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

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) saw unusually-high trading volume on Wednesday . Approximately 815,487 shares were traded during trading, an increase of 168% from the previous session’s volume of 303,750 shares.The stock last traded at $79.84 and had previously closed at $80.63.

Schwab U.S. Mid-Cap ETF Stock Performance

The firm has a market capitalization of $11.57 billion, a PE ratio of 16.47 and a beta of 1.09. The business’s 50 day moving average is $78.72 and its two-hundred day moving average is $77.84.

Institutional Investors Weigh In On Schwab U.S. Mid-Cap ETF

Several large investors have recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 0.9% during the 1st quarter. Kingsview Wealth Management LLC now owns 14,509 shares of the company’s stock valued at $1,181,000 after buying an additional 126 shares in the last quarter. Cornerstone Wealth Management LLC increased its holdings in Schwab U.S. Mid-Cap ETF by 1.2% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 11,166 shares of the company’s stock valued at $869,000 after purchasing an additional 130 shares during the period. Perigon Wealth Management LLC raised its position in Schwab U.S. Mid-Cap ETF by 0.3% during the 4th quarter. Perigon Wealth Management LLC now owns 40,271 shares of the company’s stock valued at $3,033,000 after purchasing an additional 136 shares during the last quarter. Carnegie Capital Asset Management LLC lifted its holdings in Schwab U.S. Mid-Cap ETF by 2.5% in the 4th quarter. Carnegie Capital Asset Management LLC now owns 5,597 shares of the company’s stock worth $422,000 after buying an additional 136 shares during the period. Finally, Benjamin Edwards Inc. grew its position in shares of Schwab U.S. Mid-Cap ETF by 13.6% in the 4th quarter. Benjamin Edwards Inc. now owns 1,153 shares of the company’s stock worth $87,000 after buying an additional 138 shares during the last quarter.

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.