Richardson Capital Management LLC Has $1.59 Million Position in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Richardson Capital Management LLC increased its position in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 1,049.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,436 shares of the company’s stock after buying an additional 28,701 shares during the quarter. Schwab 1000 Index ETF accounts for 1.3% of Richardson Capital Management LLC’s portfolio, making the stock its 6th largest position. Richardson Capital Management LLC’s holdings in Schwab 1000 Index ETF were worth $1,593,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SCHK. Tower Research Capital LLC TRC lifted its position in Schwab 1000 Index ETF by 38.0% in the third quarter. Tower Research Capital LLC TRC now owns 11,477 shares of the company’s stock valued at $474,000 after purchasing an additional 3,158 shares during the last quarter. Pure Financial Advisors LLC bought a new position in shares of Schwab 1000 Index ETF during the fourth quarter valued at approximately $255,000. Sound Income Strategies LLC bought a new position in shares of Schwab 1000 Index ETF during the fourth quarter valued at approximately $43,000. Thomasville National Bank bought a new position in shares of Schwab 1000 Index ETF during the fourth quarter valued at approximately $207,000. Finally, Raymond James & Associates raised its holdings in shares of Schwab 1000 Index ETF by 53.9% during the fourth quarter. Raymond James & Associates now owns 9,959 shares of the company’s stock valued at $459,000 after acquiring an additional 3,489 shares in the last quarter.

Schwab 1000 Index ETF Stock Performance

Shares of Schwab 1000 Index ETF stock traded down $0.21 during midday trading on Friday, reaching $52.33. 130,744 shares of the company’s stock traded hands, compared to its average volume of 275,540. The company has a market cap of $3.56 billion, a PE ratio of 26.06 and a beta of 1.02. The stock has a 50 day moving average of $50.88 and a 200-day moving average of $49.02. Schwab 1000 Index ETF has a 12 month low of $39.41 and a 12 month high of $52.90.

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.