Schwab 1000 Index ETF (NYSEARCA:SCHK) Hits New 12-Month High – Here’s What Happened

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $36.10 and last traded at $36.06, with a volume of 46695 shares changing hands. The stock had previously closed at $35.84.

Schwab 1000 Index ETF Trading Up 0.6%

The company has a market capitalization of $5.50 billion, a P/E ratio of 25.42 and a beta of 1.01. The stock has a 50 day moving average price of $33.50 and a 200 day moving average price of $33.11.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Armstrong Advisory Group Inc. lifted its stake in shares of 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 valued at $82,882,000 after acquiring an additional 97,075 shares during the last quarter. Claro Advisors LLC bought a new position in shares of Schwab 1000 Index ETF in the 3rd quarter valued at $1,085,000. Wolfstich Capital LLC bought a new position in shares of Schwab 1000 Index ETF in the 4th quarter valued at $3,557,000. RFG Advisory LLC bought a new position in shares of Schwab 1000 Index ETF in the 3rd quarter valued at $1,992,000. Finally, Waddell & Associates LLC increased its holdings in Schwab 1000 Index ETF by 3.2% in the third quarter. Waddell & Associates LLC now owns 2,050,350 shares of the company’s stock valued at $65,857,000 after purchasing an additional 63,322 shares during the period.

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.