Schwab 1000 Index ETF (NYSEARCA:SCHK) Reaches New 12-Month High – Should You Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK) hit a new 52-week high on Thursday . The company traded as high as $34.50 and last traded at $34.50, with a volume of 3056153 shares traded. The stock had previously closed at $34.22.

Schwab 1000 Index ETF Trading Up 0.3%

The company has a market capitalization of $5.29 billion, a PE ratio of 25.42 and a beta of 1.01. The business’s fifty day moving average is $32.70 and its two-hundred day moving average is $32.78.

Hedge Funds Weigh In On Schwab 1000 Index ETF

Hedge funds have recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. raised its holdings in Schwab 1000 Index ETF by 4.0% in the 4th quarter. Armstrong Advisory Group Inc. now owns 2,526,887 shares of the company’s stock worth $82,882,000 after acquiring an additional 97,075 shares during the last quarter. Claro Advisors LLC purchased a new position in Schwab 1000 Index ETF in the 3rd quarter worth approximately $1,085,000. Wolfstich Capital LLC purchased a new position in Schwab 1000 Index ETF in the 4th quarter worth approximately $3,557,000. Waddell & Associates LLC raised its holdings in Schwab 1000 Index ETF by 3.2% in the 3rd quarter. Waddell & Associates LLC now owns 2,050,350 shares of the company’s stock worth $65,857,000 after acquiring an additional 63,322 shares during the last quarter. Finally, RFG Advisory LLC purchased a new position in Schwab 1000 Index ETF in the 3rd quarter worth approximately $1,992,000.

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.