Schwab 1000 Index ETF (NYSEARCA:SCHK) Sets New 52-Week High – Should You Buy?

Shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) hit a new 52-week high on Monday . The stock traded as high as $33.51 and last traded at $33.5050, with a volume of 232688 shares changing hands. The stock had previously closed at $33.44.

Schwab 1000 Index ETF Stock Up 0.2%

The company’s 50-day moving average is $32.73 and its 200-day moving average is $31.80. The stock has a market capitalization of $4.97 billion, a price-to-earnings ratio of 25.42 and a beta of 1.02.

Institutional Trading of Schwab 1000 Index ETF

Several institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its position in Schwab 1000 Index ETF by 4.4% in the second quarter. Sequoia Financial Advisors LLC now owns 8,290 shares of the company’s stock worth $247,000 after acquiring an additional 347 shares during the period. Brucke Financial Inc. grew its holdings in shares of Schwab 1000 Index ETF by 3.9% during the 2nd quarter. Brucke Financial Inc. now owns 9,659 shares of the company’s stock worth $288,000 after purchasing an additional 366 shares during the period. Stevens Capital Partners increased its position in shares of Schwab 1000 Index ETF by 4.0% during the 3rd quarter. Stevens Capital Partners now owns 12,720 shares of the company’s stock worth $409,000 after purchasing an additional 489 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Schwab 1000 Index ETF by 49.2% during the 2nd quarter. Sound Income Strategies LLC now owns 1,498 shares of the company’s stock worth $45,000 after purchasing an additional 494 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its holdings in Schwab 1000 Index ETF by 3.3% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 15,563 shares of the company’s stock valued at $464,000 after buying an additional 495 shares during the period.

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.