SMI Advisory Services LLC Grows Stock Holdings in Schwab 1000 Index ETF (NYSEARCA:SCHK)

SMI Advisory Services LLC raised its position in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 95.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,047 shares of the company’s stock after buying an additional 9,795 shares during the period. SMI Advisory Services LLC’s holdings in Schwab 1000 Index ETF were worth $564,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Breakwater Investment Management boosted its holdings in Schwab 1000 Index ETF by 100.0% in the fourth quarter. Breakwater Investment Management now owns 1,174 shares of the company’s stock valued at $33,000 after purchasing an additional 587 shares during the period. Bartlett & CO. Wealth Management LLC boosted its holdings in Schwab 1000 Index ETF by 100.6% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 3,255 shares of the company’s stock valued at $92,000 after purchasing an additional 1,632 shares during the period. Spinnaker Trust purchased a new position in Schwab 1000 Index ETF in the third quarter valued at $200,000. Thomasville National Bank boosted its holdings in Schwab 1000 Index ETF by 95.1% in the fourth quarter. Thomasville National Bank now owns 7,100 shares of the company’s stock valued at $201,000 after purchasing an additional 3,460 shares during the period. Finally, Manchester Financial Inc. purchased a new position in Schwab 1000 Index ETF in the third quarter valued at $206,000.

Schwab 1000 Index ETF Trading Up 0.5 %

NYSEARCA:SCHK opened at $29.37 on Thursday. The firm has a market cap of $2.00 billion, a PE ratio of 26.06 and a beta of 1.02. The stock has a fifty day moving average price of $28.83 and a 200 day moving average price of $27.71. Schwab 1000 Index ETF has a 12-month low of $23.33 and a 12-month high of $29.54.

Schwab 1000 Index ETF 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.