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

Posted by Mickey Rousseau on May 3rd, 2024

Shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM – Get Free Report) saw unusually-strong trading volume on Friday . Approximately 856,999 shares were traded during trading, an increase of 165% from the previous session’s volume of 323,982 shares.The stock last traded at $77.98 and had previously closed at $77.33.

Schwab U.S. Mid-Cap ETF Trading Up 0.9 %

The company has a market capitalization of $11.19 billion, a PE ratio of 16.47 and a beta of 1.09. The firm’s 50-day simple moving average is $78.59 and its 200-day simple moving average is $74.05.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its position in shares of Schwab U.S. Mid-Cap ETF by 4.5% during the third quarter. Commonwealth Equity Services LLC now owns 227,883 shares of the company’s stock valued at $15,423,000 after buying an additional 9,914 shares during the last quarter. Stratos Wealth Advisors LLC increased its holdings in shares of Schwab U.S. Mid-Cap ETF by 15.8% in the third quarter. Stratos Wealth Advisors LLC now owns 9,549 shares of the company’s stock valued at $646,000 after purchasing an additional 1,300 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of Schwab U.S. Mid-Cap ETF by 19.3% in the third quarter. J.W. Cole Advisors Inc. now owns 10,116 shares of the company’s stock worth $685,000 after purchasing an additional 1,634 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 6.7% during the third quarter. Bank of New York Mellon Corp now owns 7,563 shares of the company’s stock worth $512,000 after purchasing an additional 474 shares during the period. Finally, Gradient Capital Advisors LLC raised its holdings in shares of Schwab U.S. Mid-Cap ETF by 3.3% during the third quarter. Gradient Capital Advisors LLC now owns 99,723 shares of the company’s stock worth $6,749,000 after purchasing an additional 3,216 shares during the last quarter.

About Schwab U.S. Mid-Cap ETF

(Get Free Report)

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.