HighTower Advisors LLC Raises Stock Position in Schwab 1000 Index ETF (NYSEARCA:SCHK)

HighTower Advisors LLC grew its holdings in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 36.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,614 shares of the company’s stock after buying an additional 1,512 shares during the quarter. HighTower Advisors LLC’s holdings in Schwab 1000 Index ETF were worth $311,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new position in Schwab 1000 Index ETF during the second quarter worth $28,000. Rothschild Investment LLC purchased a new stake in shares of Schwab 1000 Index ETF in the second quarter valued at $128,000. Spinnaker Trust bought a new stake in shares of Schwab 1000 Index ETF in the 3rd quarter worth about $200,000. Ritholtz Wealth Management purchased a new position in shares of Schwab 1000 Index ETF during the 2nd quarter worth about $202,000. Finally, Manchester Financial Inc. bought a new position in Schwab 1000 Index ETF during the 3rd quarter valued at about $206,000.

Schwab 1000 Index ETF Price Performance

Shares of NYSEARCA:SCHK opened at $29.04 on Thursday. The firm has a market capitalization of $1.97 billion, a PE ratio of 26.06 and a beta of 1.02. The business has a 50 day simple moving average of $28.66 and a two-hundred day simple moving average of $27.38. Schwab 1000 Index ETF has a 1 year low of $22.57 and a 1 year high of $29.54.

Schwab 1000 Index ETF 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.