ARS Wealth Advisors Group LLC Takes $241,000 Position in Schwab 1000 Index ETF (NYSEARCA:SCHK)

ARS Wealth Advisors Group LLC bought a new stake in Schwab 1000 Index ETF (NYSEARCA:SCHK) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 4,610 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds have also made changes to their positions in the company. Raymond James & Associates lifted its stake in Schwab 1000 Index ETF by 53.9% during the fourth quarter. Raymond James & Associates now owns 9,959 shares of the company’s stock worth $459,000 after purchasing an additional 3,489 shares during the period. International Assets Investment Management LLC lifted its stake in Schwab 1000 Index ETF by 4,506.0% during the fourth quarter. International Assets Investment Management LLC now owns 24,734 shares of the company’s stock worth $1,139,000 after purchasing an additional 24,197 shares during the period. Cerity Partners LLC bought a new position in Schwab 1000 Index ETF during the fourth quarter worth about $2,207,000. MCF Advisors LLC bought a new position in shares of Schwab 1000 Index ETF in the fourth quarter valued at approximately $184,000. Finally, US Bancorp DE raised its stake in shares of Schwab 1000 Index ETF by 15.9% in the fourth quarter. US Bancorp DE now owns 67,463 shares of the company’s stock valued at $3,107,000 after acquiring an additional 9,253 shares during the last quarter.

Schwab 1000 Index ETF Price Performance

Shares of NYSEARCA:SCHK traded up $0.06 during trading on Friday, reaching $53.31. The stock had a trading volume of 94,767 shares, compared to its average volume of 253,049. Schwab 1000 Index ETF has a 52 week low of $39.41 and a 52 week high of $54.45. The business’s 50-day moving average price is $52.50 and its 200 day moving average price is $50.59. The stock has a market capitalization of $3.63 billion, a PE ratio of 26.06 and a beta of 1.02.

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.