Schwab 1000 Index ETF $SCHK Position Cut by Richardson Capital Management LLC

Richardson Capital Management LLC decreased its position in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 97.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,336 shares of the company’s stock after selling 1,446,106 shares during the quarter. Schwab 1000 Index ETF accounts for approximately 0.6% of Richardson Capital Management LLC’s holdings, making the stock its 13th largest position. Richardson Capital Management LLC’s holdings in Schwab 1000 Index ETF were worth $1,442,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in SCHK. Opulen Financial Group LLC lifted its stake in Schwab 1000 Index ETF by 57.8% during the third quarter. Opulen Financial Group LLC now owns 54,724 shares of the company’s stock worth $2,006,000 after purchasing an additional 20,052 shares during the last quarter. Prime Capital Investment Advisors LLC bought a new stake in Schwab 1000 Index ETF during the third quarter valued at $856,000. IFP Advisors Inc increased its stake in Schwab 1000 Index ETF by 11.3% during the third quarter. IFP Advisors Inc now owns 4,488 shares of the company’s stock valued at $165,000 after purchasing an additional 455 shares during the last quarter. Pension & Wealth Management Advisors Inc. increased its stake in Schwab 1000 Index ETF by 6.8% during the third quarter. Pension & Wealth Management Advisors Inc. now owns 1,397,559 shares of the company’s stock valued at $51,235,000 after purchasing an additional 88,672 shares during the last quarter. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in Schwab 1000 Index ETF during the third quarter valued at $129,000.

Schwab 1000 Index ETF Stock Performance

Shares of NYSEARCA:SCHK opened at $36.49 on Friday. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 25.42 and a beta of 1.01. Schwab 1000 Index ETF has a 1-year low of $30.30 and a 1-year high of $37.62. The company’s fifty day moving average is $36.96 and its two-hundred day moving average is $36.03.

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.