Schwab 1000 Index ETF (NYSEARCA:SCHK) Sets New 1-Year High – Time to Buy?

Shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $33.56 and last traded at $33.5350, with a volume of 229286 shares traded. The stock had previously closed at $33.39.

Schwab 1000 Index ETF Price Performance

The stock has a 50 day moving average of $33.00 and a two-hundred day moving average of $32.08. The stock has a market capitalization of $4.98 billion, a PE ratio of 25.42 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCHK. Creative Planning boosted its position in Schwab 1000 Index ETF by 1.3% during the third quarter. Creative Planning now owns 3,133,039 shares of the company’s stock worth $100,633,000 after purchasing an additional 40,837 shares in the last quarter. Armstrong Advisory Group Inc. increased its position in Schwab 1000 Index ETF by 4.0% during the 4th quarter. Armstrong Advisory Group Inc. now owns 2,526,887 shares of the company’s stock worth $82,882,000 after purchasing an additional 97,075 shares in the last quarter. Waddell & Associates LLC increased its position in Schwab 1000 Index ETF by 3.2% during the 3rd quarter. Waddell & Associates LLC now owns 2,050,350 shares of the company’s stock worth $65,857,000 after purchasing an additional 63,322 shares in the last quarter. Main Street Financial Solutions LLC raised its stake in Schwab 1000 Index ETF by 16.1% in the 2nd quarter. Main Street Financial Solutions LLC now owns 394,821 shares of the company’s stock valued at $11,774,000 after purchasing an additional 54,677 shares during the last quarter. Finally, Lighthouse Wealth Management Inc. lifted its holdings in Schwab 1000 Index ETF by 4.5% in the 4th quarter. Lighthouse Wealth Management Inc. now owns 375,340 shares of the company’s stock valued at $12,311,000 after purchasing an additional 16,262 shares in the last quarter.

Schwab 1000 Index ETF Company Profile

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.