Schwab 1000 Index ETF $SCHK Stock: Warwick Investment Management Inc. Trims Stake

Warwick Investment Management Inc. cut its holdings in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 84.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 566,518 shares of the company’s stock after selling 3,018,954 shares during the period. Schwab 1000 Index ETF makes up about 2.4% of Warwick Investment Management Inc.’s portfolio, making the stock its 13th biggest holding. Warwick Investment Management Inc.’s holdings in Schwab 1000 Index ETF were worth $20,769,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SCHK. Archer Investment Corp bought a new position in shares of Schwab 1000 Index ETF in the 1st quarter valued at about $26,000. CoreCap Advisors LLC bought a new stake in Schwab 1000 Index ETF during the third quarter worth approximately $51,000. Sound Income Strategies LLC increased its stake in Schwab 1000 Index ETF by 53.8% during the first quarter. Sound Income Strategies LLC now owns 2,009 shares of the company’s stock worth $63,000 after acquiring an additional 703 shares during the last quarter. Angeles Wealth Management LLC bought a new stake in Schwab 1000 Index ETF during the first quarter worth approximately $63,000. Finally, JFS Wealth Advisors LLC raised its position in Schwab 1000 Index ETF by 385.0% during the second quarter. JFS Wealth Advisors LLC now owns 1,911 shares of the company’s stock valued at $69,000 after purchasing an additional 1,517 shares during the period.

Schwab 1000 Index ETF Price Performance

NYSEARCA:SCHK opened at $36.80 on Tuesday. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 25.42 and a beta of 1.01. Schwab 1000 Index ETF has a 1 year low of $30.30 and a 1 year high of $37.62. The business has a 50 day simple moving average of $37.01 and a 200-day simple moving average of $35.91.

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.