Schwab 1000 Index ETF (NYSEARCA:SCHK) Reaches New 12-Month High at $52.90

Schwab 1000 Index ETF (NYSEARCA:SCHK) reached a new 52-week high during trading on Friday . The company traded as high as $52.90 and last traded at $52.86, with a volume of 37215 shares trading hands. The stock had previously closed at $52.54.

Schwab 1000 Index ETF Trading Down 0.4 %

The stock’s 50 day moving average price is $50.88 and its 200 day moving average price is $49.02. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Warwick Investment Management Inc. purchased a new position in Schwab 1000 Index ETF in the fourth quarter valued at approximately $38,108,000. Cerity Partners LLC purchased a new position in Schwab 1000 Index ETF in the fourth quarter valued at approximately $2,207,000. Richardson Capital Management LLC raised its holdings in Schwab 1000 Index ETF by 1,049.4% in the first quarter. Richardson Capital Management LLC now owns 31,436 shares of the company’s stock valued at $1,593,000 after buying an additional 28,701 shares during the period. International Assets Investment Management LLC raised its holdings in Schwab 1000 Index ETF by 4,506.0% in the fourth quarter. International Assets Investment Management LLC now owns 24,734 shares of the company’s stock valued at $1,139,000 after buying an additional 24,197 shares during the period. Finally, Armstrong Advisory Group Inc. raised its holdings in Schwab 1000 Index ETF by 1.7% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,246,826 shares of the company’s stock valued at $57,429,000 after buying an additional 21,261 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.