Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) Shares Down 0.5% – Here’s What Happened

Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)’s stock price dropped 0.5% during trading on Friday . The stock traded as low as $28.88 and last traded at $28.99. Approximately 796,463 shares were traded 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 Price Performance

The business has a 50 day moving average of $28.71 and a 200 day moving average of $27.26. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 16.47 and a beta of 1.09.

Institutional Investors Weigh In On Schwab U.S. Mid-Cap ETF

A number of hedge funds have recently modified their holdings of SCHM. National Bank of Canada FI lifted its position in Schwab U.S. Mid-Cap ETF by 72.8% in the 2nd quarter. National Bank of Canada FI now owns 6,055 shares of the company’s stock valued at $480,000 after acquiring an additional 2,550 shares in the last quarter. Choreo LLC lifted its holdings in shares of Schwab U.S. Mid-Cap ETF by 41.3% in the second quarter. Choreo LLC now owns 28,763 shares of the company’s stock valued at $2,217,000 after purchasing an additional 8,409 shares in the last quarter. Advisory Alpha LLC boosted its position in shares of Schwab U.S. Mid-Cap ETF by 7.2% during the second quarter. Advisory Alpha LLC now owns 1,837,312 shares of the company’s stock worth $143,004,000 after buying an additional 123,777 shares during the period. Creekside Partners bought a new position in shares of Schwab U.S. Mid-Cap ETF during the second quarter worth about $2,885,000. Finally, Silver Lake Advisory LLC acquired a new stake in Schwab U.S. Mid-Cap ETF in the 2nd quarter valued at approximately $1,003,000.

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.