Schwab 1000 Index ETF (NYSEARCA:SCHK) Hits New 1-Year High – Should You Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $29.68 and last traded at $29.55, with a volume of 352 shares traded. The stock had previously closed at $29.51.

Schwab 1000 Index ETF Stock Performance

The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02. The firm has a fifty day moving average price of $28.94 and a 200-day moving average price of $28.10.

Institutional Trading of Schwab 1000 Index ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Financial Engines Advisors L.L.C. lifted its position in shares of Schwab 1000 Index ETF by 66.8% during the 4th quarter. Financial Engines Advisors L.L.C. now owns 47,716,110 shares of the company’s stock worth $1,350,843,000 after buying an additional 19,115,413 shares during the last quarter. Legacy Wealth Management Inc lifted its position in shares of Schwab 1000 Index ETF by 94.0% during the 4th quarter. Legacy Wealth Management Inc now owns 6,970,674 shares of the company’s stock worth $197,340,000 after buying an additional 3,377,865 shares during the last quarter. Warwick Investment Management Inc. lifted its position in shares of Schwab 1000 Index ETF by 109.2% during the 4th quarter. Warwick Investment Management Inc. now owns 4,387,948 shares of the company’s stock worth $124,223,000 after buying an additional 2,290,163 shares during the last quarter. Armstrong Advisory Group Inc. lifted its position in shares of Schwab 1000 Index ETF by 107.3% during the 4th quarter. Armstrong Advisory Group Inc. now owns 2,633,266 shares of the company’s stock worth $74,548,000 after buying an additional 1,363,200 shares during the last quarter. Finally, Waddell & Associates LLC raised its position in Schwab 1000 Index ETF by 101.4% in the fourth quarter. Waddell & Associates LLC now owns 1,939,058 shares of the company’s stock valued at $54,895,000 after purchasing an additional 976,332 shares during the last quarter.

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.