Pinion Investment Advisors LLC Acquires 8,182 Shares of Schwab 1000 Index ETF (NYSEARCA:SCHK)

Pinion Investment Advisors LLC raised its stake in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 100.6% in the 4th quarter, HoldingsChannel reports. The fund owned 16,313 shares of the company’s stock after buying an additional 8,182 shares during the quarter. Pinion Investment Advisors LLC’s holdings in Schwab 1000 Index ETF were worth $462,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of SCHK. Meridian Wealth Management LLC raised its holdings in Schwab 1000 Index ETF by 95.4% during the 4th quarter. Meridian Wealth Management LLC now owns 10,192 shares of the company’s stock worth $289,000 after purchasing an additional 4,977 shares during the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in shares of Schwab 1000 Index ETF in the 4th quarter worth $99,000. Kohmann Bosshard Financial Services LLC grew its stake in shares of Schwab 1000 Index ETF by 100.0% during the fourth quarter. Kohmann Bosshard Financial Services LLC now owns 61,008 shares of the company’s stock worth $1,727,000 after purchasing an additional 30,504 shares during the period. US Bancorp DE increased its holdings in Schwab 1000 Index ETF by 94.9% in the fourth quarter. US Bancorp DE now owns 123,142 shares of the company’s stock valued at $3,486,000 after purchasing an additional 59,967 shares during the last quarter. Finally, Fisher Asset Management LLC acquired a new position in Schwab 1000 Index ETF in the fourth quarter valued at about $434,000.

Schwab 1000 Index ETF Stock Performance

Shares of NYSEARCA:SCHK opened at $28.16 on Tuesday. The company has a 50 day moving average price of $28.93 and a two-hundred day moving average price of $28.28. The company has a market capitalization of $3.98 billion, a PE ratio of 26.34 and a beta of 1.03. Schwab 1000 Index ETF has a 52 week low of $23.86 and a 52 week high of $29.65.

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.