Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Stock Price Down 0.5% – What’s Next?

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)’s stock price dropped 0.5% during mid-day trading on Friday . The stock traded as low as $28.88 and last traded at $28.99. Approximately 796,463 shares traded hands during trading, a decline of 16% from the average daily volume of 949,606 shares. The stock had previously closed at $29.13.

Schwab U.S. Mid-Cap ETF Trading Down 0.5 %

The company has a market capitalization of $4.16 billion, a P/E ratio of 16.47 and a beta of 1.09. The stock has a 50 day moving average price of $28.71 and a 200 day moving average price of $27.26.

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

Several large investors have recently modified their holdings of SCHM. Farmers & Merchants Investments Inc. acquired a new position in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter worth approximately $25,000. Chilton Capital Management LLC acquired a new stake in Schwab U.S. Mid-Cap ETF during the 2nd quarter worth about $30,000. Cordant Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth about $30,000. Archer Investment Corp boosted its position in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% during the 3rd quarter. Archer Investment Corp now owns 413 shares of the company’s stock valued at $34,000 after purchasing an additional 393 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV acquired a new stake in Schwab U.S. Mid-Cap ETF during the third quarter worth approximately $41,000.

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.