Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Sees Large Volume Increase

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) saw unusually-strong trading volume on Tuesday . Approximately 692,672 shares traded hands during mid-day trading, an increase of 123% from the previous session’s volume of 310,883 shares.The stock last traded at $79.68 and had previously closed at $80.35.

Schwab U.S. Mid-Cap ETF Price Performance

The firm has a market cap of $11.42 billion, a PE ratio of 16.47 and a beta of 1.09. The business has a 50-day moving average price of $78.53 and a two-hundred day moving average price of $78.38.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Creative Planning increased its position in Schwab U.S. Mid-Cap ETF by 0.3% during the 4th quarter. Creative Planning now owns 10,259,228 shares of the company’s stock worth $772,725,000 after purchasing an additional 25,791 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Schwab U.S. Mid-Cap ETF by 33.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,282,373 shares of the company’s stock valued at $177,692,000 after buying an additional 574,475 shares during the period. Advisory Alpha LLC grew its holdings in Schwab U.S. Mid-Cap ETF by 12.0% in the 1st quarter. Advisory Alpha LLC now owns 1,713,535 shares of the company’s stock valued at $139,540,000 after buying an additional 183,375 shares during the period. Fragasso Financial Advisors Inc grew its holdings in Schwab U.S. Mid-Cap ETF by 6.7% in the 2nd quarter. Fragasso Financial Advisors Inc now owns 1,024,471 shares of the company’s stock valued at $79,735,000 after buying an additional 64,081 shares during the period. Finally, JMG Financial Group Ltd. grew its holdings in Schwab U.S. Mid-Cap ETF by 5.7% in the 4th quarter. JMG Financial Group Ltd. now owns 1,003,645 shares of the company’s stock valued at $75,595,000 after buying an additional 54,379 shares during the period.

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.