Schwab 1000 Index ETF (NYSEARCA:SCHK) Sets New 1-Year High at $52.90

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $52.90 and last traded at $52.86, with a volume of 37215 shares traded. The stock had previously closed at $52.54.

Schwab 1000 Index ETF Stock Down 0.2 %

The business’s fifty day moving average is $50.79 and its 200 day moving average is $48.94. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02.

Institutional Investors Weigh In On Schwab 1000 Index ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Advisors LLC raised its holdings in shares of Schwab 1000 Index ETF by 115.4% during the first quarter. Cetera Advisors LLC now owns 28,725 shares of the company’s stock worth $1,456,000 after acquiring an additional 15,390 shares during the period. Comerica Bank grew its position in Schwab 1000 Index ETF by 13.7% in the first quarter. Comerica Bank now owns 4,053 shares of the company’s stock valued at $205,000 after purchasing an additional 487 shares in the last quarter. Koshinski Asset Management Inc. bought a new position in Schwab 1000 Index ETF in the first quarter valued at $242,000. US Bancorp DE grew its position in Schwab 1000 Index ETF by 0.5% in the first quarter. US Bancorp DE now owns 67,780 shares of the company’s stock valued at $3,434,000 after purchasing an additional 317 shares in the last quarter. Finally, Woodmont Investment Counsel LLC bought a new position in Schwab 1000 Index ETF in the first quarter valued at $26,000.

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.