Schwab 1000 Index ETF (NYSEARCA:SCHK) Sees Large Volume Increase – Should You Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares saw strong trading volume on Thursday . 1,178,994 shares traded hands during trading, an increase of 177% from the previous session’s volume of 425,799 shares.The stock last traded at $26.18 and had previously closed at $27.22.

Schwab 1000 Index ETF Trading Down 5.8 %

The firm’s 50-day simple moving average is $28.14 and its 200 day simple moving average is $28.32. The stock has a market cap of $3.42 billion, a P/E ratio of 24.11 and a beta of 1.04.

Schwab 1000 Index ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were issued a $0.0808 dividend. The ex-dividend date was Wednesday, March 26th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SCHK. GHP Investment Advisors Inc. increased its stake in shares of Schwab 1000 Index ETF by 100.8% during the fourth quarter. GHP Investment Advisors Inc. now owns 972 shares of the company’s stock valued at $28,000 after acquiring an additional 488 shares during the period. Blue Trust Inc. increased its position in shares of Schwab 1000 Index ETF by 100.0% during the 4th quarter. Blue Trust Inc. now owns 1,148 shares of the company’s stock valued at $32,000 after purchasing an additional 574 shares during the period. Breakwater Investment Management raised its stake in shares of Schwab 1000 Index ETF by 100.0% in the 4th quarter. Breakwater Investment Management now owns 1,174 shares of the company’s stock worth $33,000 after buying an additional 587 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Schwab 1000 Index ETF by 63.4% in the fourth quarter. Mather Group LLC. now owns 1,217 shares of the company’s stock valued at $34,000 after buying an additional 472 shares during the period. Finally, CoreCap Advisors LLC bought a new position in Schwab 1000 Index ETF during the fourth quarter valued at about $34,000.

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.