Cabot Wealth Management Inc. Acquires New Stake in Schwab 1000 Index ETF $SCHK

Cabot Wealth Management Inc. acquired a new stake in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 28,742 shares of the company’s stock, valued at approximately $1,054,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. IFP Advisors Inc raised its position in shares of Schwab 1000 Index ETF by 11.3% in the 3rd quarter. IFP Advisors Inc now owns 4,488 shares of the company’s stock worth $165,000 after acquiring an additional 455 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of Schwab 1000 Index ETF by 1.7% in the 1st quarter. Sanctuary Advisors LLC now owns 30,659 shares of the company’s stock valued at $961,000 after purchasing an additional 498 shares during the period. Guardian Wealth Advisors LLC NC boosted its position in shares of Schwab 1000 Index ETF by 0.7% during the second quarter. Guardian Wealth Advisors LLC NC now owns 77,113 shares of the company’s stock valued at $2,781,000 after purchasing an additional 523 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its position in shares of Schwab 1000 Index ETF by 7.3% during the third quarter. Kingswood Wealth Advisors LLC now owns 9,005 shares of the company’s stock valued at $330,000 after purchasing an additional 610 shares in the last quarter. Finally, Kaizen Financial Strategies grew its stake in Schwab 1000 Index ETF by 2.8% in the third quarter. Kaizen Financial Strategies now owns 24,415 shares of the company’s stock worth $895,000 after purchasing an additional 655 shares during the period.

Schwab 1000 Index ETF Stock Up 1.3%

Shares of SCHK stock opened at $36.54 on Thursday. The stock has a market cap of $5.72 billion, a price-to-earnings ratio of 23.53 and a beta of 1.02. The business’s fifty day moving average is $36.80 and its 200 day moving average is $35.21. Schwab 1000 Index ETF has a twelve month low of $30.30 and a twelve month high of $37.62.

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.