GAMMA Investing LLC Invests $480,000 in Schwab 1000 Index ETF (NYSEARCA:SCHK)

GAMMA Investing LLC acquired a new stake in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,182 shares of the company’s stock, valued at approximately $480,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Warwick Investment Management Inc. purchased a new position in Schwab 1000 Index ETF during the 4th quarter worth approximately $38,108,000. Cerity Partners LLC purchased a new position in shares of Schwab 1000 Index ETF during the fourth quarter worth $2,207,000. Richardson Capital Management LLC lifted its position in Schwab 1000 Index ETF by 1,049.4% during the first quarter. Richardson Capital Management LLC now owns 31,436 shares of the company’s stock valued at $1,593,000 after purchasing an additional 28,701 shares during the period. International Assets Investment Management LLC boosted its holdings in Schwab 1000 Index ETF by 4,506.0% in the fourth quarter. International Assets Investment Management LLC now owns 24,734 shares of the company’s stock valued at $1,139,000 after purchasing an additional 24,197 shares during the last quarter. Finally, Cetera Advisors LLC boosted its holdings in Schwab 1000 Index ETF by 115.4% in the first quarter. Cetera Advisors LLC now owns 28,725 shares of the company’s stock valued at $1,456,000 after purchasing an additional 15,390 shares during the last quarter.

Schwab 1000 Index ETF Stock Down 1.9 %

Shares of NYSEARCA SCHK traded down $1.02 during midday trading on Friday, reaching $51.32. 450,222 shares of the stock were exchanged, compared to its average volume of 258,453. The firm has a 50-day simple moving average of $52.41 and a two-hundred day simple moving average of $50.32. Schwab 1000 Index ETF has a twelve month low of $39.41 and a twelve month high of $54.45. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02.

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.