Schwab 1000 Index ETF (NYSEARCA:SCHK) Hits New 1-Year High – What’s Next?

Shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) hit a new 52-week high on Friday . The company traded as high as $29.58 and last traded at $29.55, with a volume of 381 shares. The stock had previously closed at $29.53.

Schwab 1000 Index ETF Price Performance

The firm has a market capitalization of $2.01 billion, a P/E ratio of 26.06 and a beta of 1.02. The stock has a fifty day simple moving average of $28.84 and a two-hundred day simple moving average of $27.72.

Institutional Investors Weigh In On Schwab 1000 Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of SCHK. Legacy Wealth Management Inc boosted its position in shares of Schwab 1000 Index ETF by 94.0% during the fourth quarter. Legacy Wealth Management Inc now owns 6,970,674 shares of the company’s stock valued at $197,340,000 after buying an additional 3,377,865 shares during the last quarter. Armstrong Advisory Group Inc. boosted its position in shares of Schwab 1000 Index ETF by 107.3% during the fourth quarter. Armstrong Advisory Group Inc. now owns 2,633,266 shares of the company’s stock valued at $74,548,000 after buying an additional 1,363,200 shares during the last quarter. Lighthouse Wealth Management Inc. purchased a new position in shares of Schwab 1000 Index ETF during the fourth quarter valued at approximately $9,549,000. Blake Schutter Theil Wealth Advisors LLC purchased a new position in Schwab 1000 Index ETF in the third quarter worth $17,174,000. Finally, International Assets Investment Management LLC boosted its position in Schwab 1000 Index ETF by 19,941.3% in the third quarter. International Assets Investment Management LLC now owns 107,622 shares of the company’s stock worth $5,950,000 after purchasing an additional 107,085 shares during 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.