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

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $33.63 and last traded at $33.60, with a volume of 328847 shares traded. The stock had previously closed at $33.46.

Schwab 1000 Index ETF Trading Up 0.8%

The stock’s 50 day moving average is $32.47 and its 200 day moving average is $32.64. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 25.42 and a beta of 1.02.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. IFP Advisors Inc lifted its stake in Schwab 1000 Index ETF by 10.9% in the 4th quarter. IFP Advisors Inc now owns 3,891 shares of the company’s stock valued at $128,000 after buying an additional 382 shares in the last quarter. Stevens Capital Partners increased its position in Schwab 1000 Index ETF by 4.0% during the third quarter. Stevens Capital Partners now owns 12,720 shares of the company’s stock worth $409,000 after buying an additional 489 shares in the last quarter. Kingswood Wealth Advisors LLC raised its holdings 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 worth $329,000 after acquiring an additional 557 shares during the last quarter. Clearstead Advisors LLC raised its holdings 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 worth $1,088,000 after acquiring an additional 564 shares during the last quarter. Finally, Equitable Holdings Inc. lifted its position in shares of Schwab 1000 Index ETF by 3.0% in the third quarter. Equitable Holdings Inc. now owns 21,567 shares of the company’s stock valued at $693,000 after acquiring an additional 635 shares in the last quarter.

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.