Axxcess Wealth Management LLC Acquires 3,542 Shares of Schwab 1000 Index ETF (NYSEARCA:SCHK)

Axxcess Wealth Management LLC lifted its holdings in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 90.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,454 shares of the company’s stock after purchasing an additional 3,542 shares during the period. Axxcess Wealth Management LLC’s holdings in Schwab 1000 Index ETF were worth $211,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC boosted its position in Schwab 1000 Index ETF by 36.9% during the 3rd quarter. HighTower Advisors LLC now owns 5,614 shares of the company’s stock valued at $311,000 after buying an additional 1,512 shares during the period. Invst LLC purchased a new stake in shares of Schwab 1000 Index ETF in the 3rd quarter worth about $208,000. GAMMA Investing LLC lifted its position in shares of Schwab 1000 Index ETF by 100.0% in the 4th quarter. GAMMA Investing LLC now owns 18,364 shares of the company’s stock worth $520,000 after purchasing an additional 9,182 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Schwab 1000 Index ETF by 7.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,692 shares of the company’s stock worth $315,000 after purchasing an additional 396 shares during the period. Finally, Stratos Wealth Advisors LLC lifted its position in shares of Schwab 1000 Index ETF by 86.0% in the 4th quarter. Stratos Wealth Advisors LLC now owns 18,066 shares of the company’s stock worth $511,000 after purchasing an additional 8,354 shares during the period.

Schwab 1000 Index ETF Trading Up 0.1 %

NYSEARCA:SCHK opened at $27.28 on Friday. The company has a 50-day moving average price of $28.55 and a 200-day moving average price of $28.31. Schwab 1000 Index ETF has a 12 month low of $23.86 and a 12 month high of $29.65. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 24.25 and a beta of 1.04.

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.