Schwab 1000 Index ETF (NYSEARCA:SCHK) Sets New 1-Year High – Time to Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK) reached a new 52-week high on Thursday . The stock traded as high as $34.33 and last traded at $34.33, with a volume of 121817 shares changing hands. The stock had previously closed at $34.29.

Schwab 1000 Index ETF Stock Performance

The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 25.42 and a beta of 1.02. The firm has a 50-day simple moving average of $32.53 and a two-hundred day simple moving average of $32.70.

Hedge Funds Weigh In On Schwab 1000 Index ETF

Several institutional investors have recently bought and sold shares of SCHK. Charles Schwab Investment Management Inc. grew its position in Schwab 1000 Index ETF by 119.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,477,532 shares of the company’s stock valued at $114,063,000 after acquiring an additional 1,889,418 shares in the last quarter. Cornerstone Advisors Asset Management LLC grew its position in Schwab 1000 Index ETF by 130.3% in the 4th quarter. Cornerstone Advisors Asset Management LLC now owns 194,308 shares of the company’s stock valued at $6,373,000 after acquiring an additional 109,944 shares in the last quarter. Wolfstich Capital LLC acquired a new position in Schwab 1000 Index ETF in the 4th quarter valued at about $3,557,000. Principia Wealth Advisory LLC acquired a new position in Schwab 1000 Index ETF in the 4th quarter valued at about $3,550,000. Finally, Bank of America Corp DE grew its position in Schwab 1000 Index ETF by 56.6% in the 3rd quarter. Bank of America Corp DE now owns 299,094 shares of the company’s stock valued at $9,607,000 after acquiring an additional 108,060 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.