Cordant Inc. Increases Stock Holdings in Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM)

Cordant Inc. grew its stake in shares of Schwab U.S. Mid-Cap ETF (NYSEARCA:SCHM) by 200.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,089 shares of the company’s stock after purchasing an additional 726 shares during the period. Cordant Inc.’s holdings in Schwab U.S. Mid-Cap ETF were worth $30,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Archer Investment Corp lifted its stake in shares of Schwab U.S. Mid-Cap ETF by 1,965.0% in 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 during the period. Massmutual Trust Co. FSB ADV bought a new position in Schwab U.S. Mid-Cap ETF in the third quarter worth $41,000. Hantz Financial Services Inc. boosted its holdings in shares of Schwab U.S. Mid-Cap ETF by 1,742.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 608 shares of the company’s stock valued at $51,000 after buying an additional 575 shares in the last quarter. Global Wealth Strategies & Associates grew its position in shares of Schwab U.S. Mid-Cap ETF by 28.0% in the 3rd quarter. Global Wealth Strategies & Associates now owns 735 shares of the company’s stock worth $61,000 after buying an additional 161 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Schwab U.S. Mid-Cap ETF in the 3rd quarter worth about $66,000.

Schwab U.S. Mid-Cap ETF Stock Performance

Shares of SCHM opened at $28.95 on Thursday. The firm’s 50-day simple moving average is $28.74 and its two-hundred day simple moving average is $27.58. Schwab U.S. Mid-Cap ETF has a fifty-two week low of $24.17 and a fifty-two week high of $30.28. The stock has a market cap of $4.15 billion, a PE ratio of 16.47 and a beta of 1.09.

Schwab U.S. Mid-Cap ETF 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.