Schwab 1000 Index ETF (NYSEARCA:SCHK) Hits New 1-Year High – Should You Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $29.68 and last traded at $29.55, with a volume of 352 shares. The stock had previously closed at $29.51.

Schwab 1000 Index ETF Trading Up 0.2 %

The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02. The firm’s 50 day simple moving average is $28.93 and its two-hundred day simple moving average is $28.09.

Institutional Investors Weigh In On Schwab 1000 Index ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vise Technologies Inc. increased its holdings in Schwab 1000 Index ETF by 95.0% in the 4th quarter. Vise Technologies Inc. now owns 16,834 shares of the company’s stock valued at $477,000 after buying an additional 8,200 shares during the period. McIlrath & Eck LLC increased its stake in Schwab 1000 Index ETF by 100.0% in the fourth quarter. McIlrath & Eck LLC now owns 3,738 shares of the company’s stock valued at $106,000 after acquiring an additional 1,869 shares during the last quarter. Visionary Wealth Advisors raised its position in Schwab 1000 Index ETF by 93.6% during the fourth quarter. Visionary Wealth Advisors now owns 28,965 shares of the company’s stock valued at $820,000 after purchasing an additional 14,002 shares in the last quarter. Two Sigma Investments LP bought a new stake in Schwab 1000 Index ETF during the fourth quarter worth $12,405,000. Finally, NorthRock Partners LLC acquired a new stake in shares of Schwab 1000 Index ETF in the 4th quarter valued at $1,940,000.

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.