Schwab 1000 Index ETF (NYSEARCA:SCHK) Hits New 12-Month High – Here’s What Happened

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

Schwab 1000 Index ETF Price Performance

The firm has a 50-day moving average price of $33.50 and a 200 day moving average price of $33.11. The company has a market cap of $5.50 billion, a price-to-earnings ratio of 25.42 and a beta of 1.01.

Institutional Investors Weigh In On Schwab 1000 Index ETF

Several institutional investors have recently made changes to their positions in SCHK. Royal Bank of Canada boosted its stake in shares of Schwab 1000 Index ETF by 20.6% in the first quarter. Royal Bank of Canada now owns 9,116 shares of the company’s stock valued at $245,000 after buying an additional 1,556 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Schwab 1000 Index ETF in the first quarter valued at approximately $232,000. Goldman Sachs Group Inc. bought a new stake in shares of Schwab 1000 Index ETF in the first quarter valued at approximately $629,000. Jane Street Group LLC bought a new stake in shares of Schwab 1000 Index ETF in the first quarter valued at approximately $2,157,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Schwab 1000 Index ETF by 50.8% in the second quarter. JPMorgan Chase & Co. now owns 17,110 shares of the company’s stock valued at $510,000 after buying an additional 5,766 shares during the period.

About Schwab 1000 Index ETF

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.