Schwab 1000 Index ETF (NYSEARCA:SCHK) Trading Up 0.6% – Time to Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s stock price shot up 0.6% during mid-day trading on Monday . The company traded as high as $28.75 and last traded at $28.73. 526,226 shares changed hands during trading, an increase of 18% from the average session volume of 447,756 shares. The stock had previously closed at $28.55.

Schwab 1000 Index ETF Trading Up 0.6 %

The company has a market capitalization of $1.95 billion, a P/E ratio of 26.06 and a beta of 1.02. The stock has a 50 day moving average of $28.62 and a 200-day moving average of $27.34.

Institutional Trading of Schwab 1000 Index ETF

A number of hedge funds and other institutional investors have recently modified their holdings of SCHK. Waddell & Associates LLC raised its stake in Schwab 1000 Index ETF by 1.4% during the 3rd quarter. Waddell & Associates LLC now owns 962,726 shares of the company’s stock valued at $53,229,000 after purchasing an additional 13,201 shares during the period. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Schwab 1000 Index ETF in the 3rd quarter worth $17,174,000. Main Street Financial Solutions LLC boosted its holdings in shares of Schwab 1000 Index ETF by 5.8% during the 3rd quarter. Main Street Financial Solutions LLC now owns 145,742 shares of the company’s stock valued at $8,058,000 after purchasing an additional 8,033 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Schwab 1000 Index ETF by 19,941.3% during the third quarter. International Assets Investment Management LLC now owns 107,622 shares of the company’s stock valued at $5,950,000 after purchasing an additional 107,085 shares in the last quarter. Finally, Cassady Schiller Wealth Management LLC increased its holdings in shares of Schwab 1000 Index ETF by 2.2% in the third quarter. Cassady Schiller Wealth Management LLC now owns 64,398 shares of the company’s stock worth $3,561,000 after purchasing an additional 1,367 shares during the last quarter.

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.