Pinion Investment Advisors LLC Makes New $610,000 Investment in Schwab 1000 Index ETF $SCHK

Pinion Investment Advisors LLC purchased a new stake in Schwab 1000 Index ETF (NYSEARCA:SCHK) during the third quarter, Holdings Channel reports. The institutional investor purchased 16,644 shares of the company’s stock, valued at approximately $610,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Headlands Technologies LLC acquired a new stake in shares of Schwab 1000 Index ETF in the second quarter valued at about $6,707,000. Nwam LLC purchased a new stake in shares of Schwab 1000 Index ETF during the second quarter worth about $9,425,000. JNBA Financial Advisors purchased a new stake in shares of Schwab 1000 Index ETF during the second quarter worth about $19,247,000. Principia Wealth Advisory LLC raised its position in shares of Schwab 1000 Index ETF by 1,091.9% during the 2nd quarter. Principia Wealth Advisory LLC now owns 116,446 shares of the company’s stock worth $4,198,000 after purchasing an additional 106,676 shares during the last quarter. Finally, Curry Webb Wealth Management LLC acquired a new position in shares of Schwab 1000 Index ETF during the 1st quarter worth about $1,379,000.

Schwab 1000 Index ETF Trading Up 2.5%

Shares of Schwab 1000 Index ETF stock opened at $36.21 on Tuesday. Schwab 1000 Index ETF has a twelve month low of $30.30 and a twelve month high of $37.62. The firm has a market capitalization of $5.67 billion, a PE ratio of 25.42 and a beta of 1.01. The firm’s 50-day moving average price is $36.82 and its 200 day moving average price is $35.18.

Schwab 1000 Index ETF 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.