Schwab 1000 Index ETF (NYSEARCA:SCHK) Shares Acquired by Sandy Spring Bank

Sandy Spring Bank increased its holdings in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 99.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,549 shares of the company’s stock after purchasing an additional 774 shares during the quarter. Sandy Spring Bank’s holdings in Schwab 1000 Index ETF were worth $44,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SCHK. Legacy Wealth Management Inc lifted its position in Schwab 1000 Index ETF by 94.0% in the fourth quarter. Legacy Wealth Management Inc now owns 6,970,674 shares of the company’s stock valued at $197,340,000 after acquiring an additional 3,377,865 shares during the last quarter. Warwick Investment Management Inc. lifted its position in Schwab 1000 Index ETF by 109.2% in the fourth quarter. Warwick Investment Management Inc. now owns 4,387,948 shares of the company’s stock valued at $124,223,000 after acquiring an additional 2,290,163 shares during the last quarter. Armstrong Advisory Group Inc. lifted its position in Schwab 1000 Index ETF by 107.3% in the fourth quarter. Armstrong Advisory Group Inc. now owns 2,633,266 shares of the company’s stock valued at $74,548,000 after acquiring an additional 1,363,200 shares during the last quarter. Lighthouse Wealth Management Inc. purchased a new stake in Schwab 1000 Index ETF in the fourth quarter valued at $9,549,000. Finally, Blake Schutter Theil Wealth Advisors LLC raised its holdings in shares of Schwab 1000 Index ETF by 100.0% in the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 621,234 shares of the company’s stock valued at $17,587,000 after buying an additional 310,617 shares during the last quarter.

Schwab 1000 Index ETF Stock Performance

Shares of NYSEARCA:SCHK opened at $27.28 on Friday. The company has a 50-day simple moving average of $28.55 and a 200-day simple moving average of $28.31. Schwab 1000 Index ETF has a one year low of $23.86 and a one year high of $29.65. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of 24.25 and a beta of 1.04.

Schwab 1000 Index ETF Company 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.