Schwab 1000 Index ETF (NYSEARCA:SCHK) Reaches New 12-Month High – What’s Next?

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $36.75 and last traded at $36.75, with a volume of 24310 shares traded. The stock had previously closed at $36.51.

Schwab 1000 Index ETF Stock Up 1.1%

The firm’s 50-day simple moving average is $35.95 and its 200 day simple moving average is $34.23. The stock has a market capitalization of $5.86 billion, a P/E ratio of 25.42 and a beta of 1.01.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Archer Investment Corp purchased a new position in Schwab 1000 Index ETF during the first quarter valued at approximately $26,000. Atlas Capital Advisors Inc. purchased a new position in shares of Schwab 1000 Index ETF during the 4th quarter valued at $31,000. Garner Asset Management Corp purchased a new stake in shares of Schwab 1000 Index ETF during the fourth quarter worth $44,000. Blue Trust Inc. boosted its position in Schwab 1000 Index ETF by 149.6% during the fourth quarter. Blue Trust Inc. now owns 1,500 shares of the company’s stock valued at $49,000 after purchasing an additional 899 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in Schwab 1000 Index ETF by 385.0% in the second quarter. JFS Wealth Advisors LLC now owns 1,911 shares of the company’s stock valued at $69,000 after purchasing an additional 1,517 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.