Schwab 1000 Index ETF (NYSEARCA:SCHK) Reaches New 1-Year High – Time to 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 $33.30 and last traded at $33.2930, with a volume of 299527 shares trading hands. The stock had previously closed at $33.12.

Schwab 1000 Index ETF Trading Down 0.1%

The company’s fifty day moving average is $32.71 and its 200-day moving average is $31.71. The firm has a market capitalization of $4.93 billion, a P/E ratio of 25.42 and a beta of 1.02.

Institutional Investors Weigh In On Schwab 1000 Index ETF

Hedge funds have recently bought and sold shares of the company. Armstrong Advisory Group Inc. increased its stake in shares of Schwab 1000 Index ETF by 4.0% in the fourth quarter. Armstrong Advisory Group Inc. now owns 2,526,887 shares of the company’s stock worth $82,882,000 after purchasing an additional 97,075 shares during the period. Collective Family Office LLC increased its position in Schwab 1000 Index ETF by 18.9% in the 4th quarter. Collective Family Office LLC now owns 25,702 shares of the company’s stock worth $843,000 after buying an additional 4,081 shares during the period. Allworth Financial LP increased its position in Schwab 1000 Index ETF by 59.3% in the 3rd quarter. Allworth Financial LP now owns 22,314 shares of the company’s stock worth $717,000 after buying an additional 8,310 shares during the period. Prosperity Consulting Group LLC acquired a new position in shares of Schwab 1000 Index ETF during the third quarter worth approximately $226,000. Finally, Qube Research & Technologies Ltd boosted its position in shares of Schwab 1000 Index ETF by 33.9% in the third quarter. Qube Research & Technologies Ltd now owns 5,764 shares of the company’s stock valued at $185,000 after acquiring an additional 1,459 shares during the period.

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.