Schwab 1000 Index ETF (NYSEARCA:SCHK) Sets New 52-Week High – What’s Next?

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s share price reached a new 52-week high on Tuesday . The company traded as high as $36.10 and last traded at $36.06, with a volume of 46695 shares traded. The stock had previously closed at $35.84.

Schwab 1000 Index ETF Stock Performance

The firm’s fifty day moving average price is $33.66 and its 200 day moving average price is $33.16. The firm has a market cap of $5.50 billion, a P/E ratio of 25.42 and a beta of 1.01.

Institutional Investors Weigh In On Schwab 1000 Index ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Cambient Family Office LLC raised its position in shares of Schwab 1000 Index ETF by 1.5% during the 1st quarter. Cambient Family Office LLC now owns 23,966 shares of the company’s stock worth $751,000 after purchasing an additional 346 shares during the last quarter. IFP Advisors Inc boosted its position in shares of Schwab 1000 Index ETF by 10.9% during the 4th quarter. IFP Advisors Inc now owns 3,891 shares of the company’s stock worth $128,000 after purchasing an additional 382 shares during the period. Sanctuary Advisors LLC boosted its position in shares of Schwab 1000 Index ETF by 1.7% during the first quarter. Sanctuary Advisors LLC now owns 30,659 shares of the company’s stock worth $961,000 after buying an additional 498 shares during the period. Kingswood Wealth Advisors LLC grew its stake in shares of Schwab 1000 Index ETF by 5.9% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 10,018 shares of the company’s stock valued at $329,000 after buying an additional 557 shares in the last quarter. Finally, Clearstead Advisors LLC grew its stake in shares of Schwab 1000 Index ETF by 1.7% in the third quarter. Clearstead Advisors LLC now owns 33,877 shares of the company’s stock valued at $1,088,000 after buying an additional 564 shares in the last quarter.

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.