Schwab 1000 Index ETF (NYSEARCA:SCHK) Sees Large Volume Increase – Should You Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares saw an uptick in trading volume on Thursday . 1,178,994 shares were traded during trading, an increase of 177% from the previous session’s volume of 425,799 shares.The stock last traded at $26.18 and had previously closed at $27.22.

Schwab 1000 Index ETF Stock Down 5.0 %

The company has a 50 day moving average price of $28.32 and a 200-day moving average price of $28.35. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 24.11 and a beta of 1.04.

Schwab 1000 Index ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were given a dividend of $0.0808 per share. The ex-dividend date was Wednesday, March 26th.

Institutional Investors Weigh In On Schwab 1000 Index ETF

Large investors have recently modified their holdings of the company. Financial Engines Advisors L.L.C. grew its stake in Schwab 1000 Index ETF by 66.8% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 47,716,110 shares of the company’s stock worth $1,350,843,000 after purchasing an additional 19,115,413 shares during the period. Legacy Wealth Management Inc lifted its position in shares of Schwab 1000 Index ETF by 94.0% during the 4th quarter. Legacy Wealth Management Inc now owns 6,970,674 shares of the company’s stock valued at $197,340,000 after acquiring an additional 3,377,865 shares during the period. Warwick Investment Management Inc. boosted its stake in Schwab 1000 Index ETF by 109.2% during the fourth quarter. Warwick Investment Management Inc. now owns 4,387,948 shares of the company’s stock worth $124,223,000 after acquiring an additional 2,290,163 shares in the last quarter. Armstrong Advisory Group Inc. grew its holdings in Schwab 1000 Index ETF by 107.3% in the fourth quarter. Armstrong Advisory Group Inc. now owns 2,633,266 shares of the company’s stock worth $74,548,000 after purchasing an additional 1,363,200 shares during the period. Finally, Waddell & Associates LLC increased its stake in Schwab 1000 Index ETF by 101.4% in the fourth quarter. Waddell & Associates LLC now owns 1,939,058 shares of the company’s stock valued at $54,895,000 after purchasing an additional 976,332 shares in 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.