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

Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) saw strong trading volume on Tuesday . 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 Stock Down 0.6 %

The company has a market cap of $11.49 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 $78.61 and a two-hundred day moving average price of $78.43.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCHM. Farmers & Merchants Investments Inc. bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 2nd quarter worth about $25,000. EverSource Wealth Advisors LLC grew its stake in Schwab U.S. Mid-Cap ETF by 75.9% during the first quarter. EverSource Wealth Advisors LLC now owns 343 shares of the company’s stock worth $26,000 after purchasing an additional 148 shares during the period. Chilton Capital Management LLC bought a new stake in Schwab U.S. Mid-Cap ETF in the second quarter worth approximately $30,000. Valued Wealth Advisors LLC lifted its stake in Schwab U.S. Mid-Cap ETF by 3,900.0% in the first quarter. Valued Wealth Advisors LLC now owns 400 shares of the company’s stock valued at $33,000 after buying an additional 390 shares during the period. Finally, Institutional & Family Asset Management LLC boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 500.0% during the 2nd quarter. Institutional & Family Asset Management LLC now owns 432 shares of the company’s stock worth $34,000 after buying an additional 360 shares in 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.