Schwab 1000 Index ETF (NYSEARCA:SCHK) Hits New 1-Year High – What’s Next?

Shares of Schwab 1000 Index ETF (NYSEARCA:SCHKGet Free Report) reached a new 52-week high on Friday . The stock traded as high as $29.58 and last traded at $29.55, with a volume of 381 shares traded. The stock had previously closed at $29.53.

Schwab 1000 Index ETF Stock Down 0.1 %

The company has a 50-day simple moving average of $28.84 and a two-hundred day simple moving average of $27.72. The firm has a market cap of $2.01 billion, a PE ratio of 26.06 and a beta of 1.02.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. SOL Capital Management CO lifted its position in shares of Schwab 1000 Index ETF by 100.0% during the 4th quarter. SOL Capital Management CO now owns 19,000 shares of the company’s stock valued at $538,000 after buying an additional 9,500 shares during the last quarter. OLD National Bancorp IN raised its stake in shares of Schwab 1000 Index ETF by 100.0% during the 4th quarter. OLD National Bancorp IN now owns 23,064 shares of the company’s stock valued at $653,000 after purchasing an additional 11,532 shares during the period. YHB Investment Advisors Inc. raised its stake in shares of Schwab 1000 Index ETF by 197.0% during the 4th quarter. YHB Investment Advisors Inc. now owns 14,610 shares of the company’s stock valued at $414,000 after purchasing an additional 9,691 shares during the period. Lighthouse Wealth Management Inc. bought a new stake in shares of Schwab 1000 Index ETF during the 4th quarter valued at $9,549,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in Schwab 1000 Index ETF by 100.0% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 10,447 shares of the company’s stock worth $296,000 after acquiring an additional 5,223 shares during the last quarter.

About Schwab 1000 Index ETF

(Get Free Report)

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.

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