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

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) shares saw unusually-high trading volume on Friday . Approximately 837,244 shares changed hands during trading, an increase of 170% from the previous session’s volume of 310,301 shares.The stock last traded at $81.26 and had previously closed at $81.16.

Schwab U.S. Mid-Cap ETF Trading Up 0.6 %

The firm has a market cap of $11.70 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09. The firm has a 50 day moving average price of $79.06 and a 200-day moving average price of $78.73.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Corient Private Wealth LLC raised its stake in Schwab U.S. Mid-Cap ETF by 2.4% in the 4th quarter. Corient Private Wealth LLC now owns 231,075 shares of the company’s stock valued at $17,405,000 after purchasing an additional 5,389 shares during the last quarter. Napatree Capital LLC acquired a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at about $2,110,000. Burkett Financial Services LLC acquired a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at about $2,397,000. Human Investing LLC acquired a new position in Schwab U.S. Mid-Cap ETF in the 4th quarter valued at about $221,000. Finally, Clearwater Capital Advisors LLC raised its stake in Schwab U.S. Mid-Cap ETF by 1.9% in the 4th quarter. Clearwater Capital Advisors LLC now owns 125,118 shares of the company’s stock valued at $9,424,000 after purchasing an additional 2,382 shares during the last quarter.

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.