Lafayette Investments Inc. Takes $610,000 Position in Schwab 1000 Index ETF $SCHK

Lafayette Investments Inc. purchased a new position in Schwab 1000 Index ETF (NYSEARCA:SCHK) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,461 shares of the company’s stock, valued at approximately $610,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Cambient Family Office LLC boosted its stake in Schwab 1000 Index ETF by 1.5% during the first quarter. Cambient Family Office LLC now owns 23,966 shares of the company’s stock valued at $751,000 after buying an additional 346 shares during the period. IFP Advisors Inc increased its stake in Schwab 1000 Index ETF by 10.9% in the 4th quarter. IFP Advisors Inc now owns 3,891 shares of the company’s stock worth $128,000 after acquiring an additional 382 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in Schwab 1000 Index ETF by 5.9% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 10,018 shares of the company’s stock worth $329,000 after acquiring an additional 557 shares during the last quarter. Equitable Holdings Inc. raised its holdings in shares of Schwab 1000 Index ETF by 3.0% in the 3rd quarter. Equitable Holdings Inc. now owns 21,567 shares of the company’s stock valued at $693,000 after acquiring an additional 635 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in shares of Schwab 1000 Index ETF by 53.8% in the 1st quarter. Sound Income Strategies LLC now owns 2,009 shares of the company’s stock valued at $63,000 after acquiring an additional 703 shares in the last quarter.

Schwab 1000 Index ETF Stock Performance

Shares of SCHK opened at $35.97 on Friday. The company has a market cap of $5.67 billion, a PE ratio of 25.42 and a beta of 1.01. The stock has a 50-day moving average price of $35.61 and a 200-day moving average price of $33.79. Schwab 1000 Index ETF has a 12-month low of $29.83 and a 12-month high of $36.63.

About Schwab 1000 Index ETF

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.