Main Street Financial Solutions LLC Has $8.59 Million Position in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Main Street Financial Solutions LLC boosted its holdings in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 108.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 303,389 shares of the company’s stock after acquiring an additional 157,647 shares during the period. Schwab 1000 Index ETF accounts for 0.8% of Main Street Financial Solutions LLC’s portfolio, making the stock its 26th largest position. Main Street Financial Solutions LLC owned 0.45% of Schwab 1000 Index ETF worth $8,589,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SCHK. Mariner LLC grew its stake in shares of Schwab 1000 Index ETF by 135.1% during the fourth quarter. Mariner LLC now owns 242,893 shares of the company’s stock worth $6,876,000 after purchasing an additional 139,568 shares during the period. RE Dickinson Investment Advisors LLC grew its position in shares of Schwab 1000 Index ETF by 183.3% during the 4th quarter. RE Dickinson Investment Advisors LLC now owns 9,180 shares of the company’s stock worth $260,000 after buying an additional 5,940 shares during the period. Accredited Investors Inc. increased its stake in shares of Schwab 1000 Index ETF by 100.1% in the 4th quarter. Accredited Investors Inc. now owns 8,726 shares of the company’s stock valued at $247,000 after acquiring an additional 4,365 shares during the last quarter. Bank of Hawaii acquired a new stake in shares of Schwab 1000 Index ETF in the 4th quarter valued at approximately $351,000. Finally, Waddell & Associates LLC raised its position in shares of Schwab 1000 Index ETF by 101.4% in the 4th quarter. Waddell & Associates LLC now owns 1,939,058 shares of the company’s stock valued at $54,895,000 after acquiring an additional 976,332 shares during the period.

Schwab 1000 Index ETF Stock Performance

Shares of NYSEARCA SCHK opened at $25.85 on Wednesday. Schwab 1000 Index ETF has a 52-week low of $23.18 and a 52-week high of $29.65. The stock has a market cap of $3.64 billion, a P/E ratio of 24.11 and a beta of 1.04. The firm has a 50 day moving average price of $27.43 and a 200 day moving average price of $28.18.

Schwab 1000 Index ETF Cuts Dividend

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

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.