Schwab 1000 Index ETF (NYSEARCA:SCHK) Hits New 12-Month High – Still a Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $28.45 and last traded at $28.45, with a volume of 3054 shares. The stock had previously closed at $27.83.

Schwab 1000 Index ETF Trading Up 0.5 %

The company has a market cap of $1.97 billion, a P/E ratio of 26.06 and a beta of 1.02. The business has a 50 day moving average price of $27.50 and a 200-day moving average price of $26.45.

Institutional Trading of Schwab 1000 Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC increased its stake in shares of Schwab 1000 Index ETF by 0.6% during the 2nd quarter. Kohmann Bosshard Financial Services LLC now owns 30,503 shares of the company’s stock worth $1,596,000 after purchasing an additional 188 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Schwab 1000 Index ETF by 3.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,951 shares of the company’s stock worth $468,000 after buying an additional 291 shares during the last quarter. US Bancorp DE raised its stake 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 buying an additional 317 shares during the period. Cetera Investment Advisers lifted its position in shares of Schwab 1000 Index ETF by 1.4% in the second quarter. Cetera Investment Advisers now owns 29,119 shares of the company’s stock valued at $1,524,000 after buying an additional 394 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of Schwab 1000 Index ETF by 13.7% during the 1st quarter. Comerica Bank now owns 4,053 shares of the company’s stock worth $205,000 after acquiring an additional 487 shares during the period.

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.