Legacy Wealth Management Inc Grows Stock Position in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Legacy Wealth Management Inc grew its position in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 94.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,970,674 shares of the company’s stock after purchasing an additional 3,377,865 shares during the period. Schwab 1000 Index ETF comprises about 12.7% of Legacy Wealth Management Inc’s holdings, making the stock its 3rd largest holding. Legacy Wealth Management Inc owned approximately 10.25% of Schwab 1000 Index ETF worth $197,340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pflug Koory LLC lifted its position in Schwab 1000 Index ETF by 100.0% in the 4th quarter. Pflug Koory LLC now owns 4,836 shares of the company’s stock worth $137,000 after buying an additional 2,418 shares during the last quarter. Red Door Wealth Management LLC boosted its stake in shares of Schwab 1000 Index ETF by 100.0% in the 4th quarter. Red Door Wealth Management LLC now owns 19,194 shares of the company’s stock valued at $543,000 after purchasing an additional 9,598 shares in the last quarter. SMI Advisory Services LLC grew its holdings in shares of Schwab 1000 Index ETF by 95.5% during the 4th quarter. SMI Advisory Services LLC now owns 20,047 shares of the company’s stock valued at $564,000 after purchasing an additional 9,795 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its position in Schwab 1000 Index ETF by 100.6% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 3,255 shares of the company’s stock worth $92,000 after purchasing an additional 1,632 shares during the period. Finally, MCF Advisors LLC lifted its stake in Schwab 1000 Index ETF by 100.0% in the fourth quarter. MCF Advisors LLC now owns 8,000 shares of the company’s stock worth $226,000 after purchasing an additional 4,000 shares during the last quarter.

Schwab 1000 Index ETF Stock Down 0.3 %

NYSEARCA SCHK opened at $29.45 on Friday. The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02. The company has a 50-day simple moving average of $28.87 and a two-hundred day simple moving average of $27.74. Schwab 1000 Index ETF has a 12-month low of $23.33 and a 12-month high of $29.57.

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.