Schwab 1000 Index ETF (NYSEARCA:SCHK) Sets New 1-Year High – Here’s What Happened

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $33.51 and last traded at $33.5050, with a volume of 232688 shares. The stock had previously closed at $33.44.

Schwab 1000 Index ETF Stock Performance

The company has a market cap of $4.97 billion, a price-to-earnings ratio of 25.42 and a beta of 1.02. The company’s fifty day moving average is $32.73 and its two-hundred day moving average is $31.80.

Institutional Investors Weigh In On Schwab 1000 Index ETF

Several hedge funds have recently added to or reduced their stakes in SCHK. Creative Planning raised its stake in shares of Schwab 1000 Index ETF by 262.0% during the 2nd quarter. Creative Planning now owns 3,092,202 shares of the company’s stock valued at $92,209,000 after buying an additional 2,238,007 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Schwab 1000 Index ETF by 512.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 134,480 shares of the company’s stock worth $4,061,000 after acquiring an additional 112,539 shares during the period. Bank of America Corp DE raised its position in Schwab 1000 Index ETF by 56.6% during the third quarter. Bank of America Corp DE now owns 299,094 shares of the company’s stock valued at $9,607,000 after acquiring an additional 108,060 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Schwab 1000 Index ETF in the second quarter valued at approximately $3,134,000. Finally, Lido Advisors LLC purchased a new stake in Schwab 1000 Index ETF in the 3rd quarter worth approximately $3,360,000.

About Schwab 1000 Index ETF

The Schwab 1000 Index ETF (SCHK) is an exchange-traded fund that is based on the S&P Schwab 1000 index, a proprietary market-cap-weighted index that includes 1,000 of the largest US-listed stocks. SCHK was launched on Oct 11, 2017 and is managed by Charles Schwab.