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

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $33.24 and last traded at $33.2250, with a volume of 247065 shares changing hands. The stock had previously closed at $33.13.

Schwab 1000 Index ETF Stock Performance

The company has a market cap of $4.89 billion, a PE ratio of 25.42 and a beta of 1.02. The business’s 50-day moving average is $32.61 and its 200 day moving average is $31.42.

Institutional Investors Weigh In On Schwab 1000 Index ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Steigerwald Gordon & Koch Inc. purchased a new stake in Schwab 1000 Index ETF during the 3rd quarter valued at about $32,000. Sound Income Strategies LLC lifted its position in Schwab 1000 Index ETF by 49.2% in the second quarter. Sound Income Strategies LLC now owns 1,498 shares of the company’s stock valued at $45,000 after purchasing an additional 494 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in Schwab 1000 Index ETF in the second quarter valued at approximately $85,000. AlphaCore Capital LLC boosted its stake in shares of Schwab 1000 Index ETF by 15.6% during the second quarter. AlphaCore Capital LLC now owns 3,696 shares of the company’s stock valued at $110,000 after purchasing an additional 500 shares during the period. Finally, Russell Investments Group Ltd. bought a new position in shares of Schwab 1000 Index ETF in the first quarter worth approximately $107,000.

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.