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

Schwab 1000 Index ETF (NYSEARCA:SCHK) reached a new 52-week high during trading on Thursday . The stock traded as high as $34.33 and last traded at $34.33, with a volume of 121817 shares. The stock had previously closed at $34.29.

Schwab 1000 Index ETF Trading Down 0.5%

The firm has a fifty day moving average price of $32.53 and a 200 day moving average price of $32.70. The firm has a market cap of $5.20 billion, a PE ratio of 25.42 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SCHK. Charles Schwab Investment Management Inc. raised its holdings in shares of Schwab 1000 Index ETF by 119.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,477,532 shares of the company’s stock worth $114,063,000 after acquiring an additional 1,889,418 shares during the period. Cornerstone Advisors Asset Management LLC raised its holdings in shares of Schwab 1000 Index ETF by 130.3% during the 4th quarter. Cornerstone Advisors Asset Management LLC now owns 194,308 shares of the company’s stock worth $6,373,000 after acquiring an additional 109,944 shares during the period. Wolfstich Capital LLC purchased a new position in shares of Schwab 1000 Index ETF during the 4th quarter worth $3,557,000. Principia Wealth Advisory LLC purchased a new position in shares of Schwab 1000 Index ETF during the 4th quarter worth $3,550,000. Finally, Bank of America Corp DE raised its holdings in shares of Schwab 1000 Index ETF by 56.6% during the 3rd quarter. Bank of America Corp DE now owns 299,094 shares of the company’s stock worth $9,607,000 after acquiring an additional 108,060 shares during the period.

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.