Schwab 1000 Index ETF (NYSEARCA:SCHK) Sets New 1-Year High – Here’s Why

Schwab 1000 Index ETF (NYSEARCA:SCHK) reached a new 52-week high on Monday . The stock traded as high as $29.27 and last traded at $29.24, with a volume of 75478 shares trading hands. The stock had previously closed at $29.22.

Schwab 1000 Index ETF Price Performance

The company’s 50 day moving average is $28.14 and its two-hundred day moving average is $26.94. The firm has a market cap of $1.99 billion, a P/E ratio of 26.06 and a beta of 1.02.

Institutional Investors Weigh In On Schwab 1000 Index ETF

Several hedge funds have recently made changes to their positions in the stock. Invst LLC bought a new position in Schwab 1000 Index ETF during the third quarter worth about $208,000. HighTower Advisors LLC lifted its stake in Schwab 1000 Index ETF by 36.9% during the third quarter. HighTower Advisors LLC now owns 5,614 shares of the company’s stock worth $311,000 after purchasing an additional 1,512 shares during the period. FMR LLC lifted its stake in Schwab 1000 Index ETF by 54.7% during the third quarter. FMR LLC now owns 37,563 shares of the company’s stock worth $2,077,000 after purchasing an additional 13,276 shares during the period. Waddell & Associates LLC lifted its stake in Schwab 1000 Index ETF by 1.4% during the third quarter. Waddell & Associates LLC now owns 962,726 shares of the company’s stock worth $53,229,000 after purchasing an additional 13,201 shares during the period. Finally, Meridian Wealth Management LLC bought a new position in Schwab 1000 Index ETF during the third quarter worth about $288,000.

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.