JNBA Financial Advisors purchased a new position in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 533,763 shares of the company’s stock, valued at approximately $19,247,000. Schwab 1000 Index ETF accounts for about 1.0% of JNBA Financial Advisors’ investment portfolio, making the stock its 16th largest holding. JNBA Financial Advisors owned about 0.34% of Schwab 1000 Index ETF as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Archer Investment Corp purchased a new position in shares of Schwab 1000 Index ETF in the first quarter valued at approximately $26,000. Atlas Capital Advisors Inc. acquired a new stake in Schwab 1000 Index ETF during the 4th quarter worth approximately $31,000. Garner Asset Management Corp acquired a new stake in Schwab 1000 Index ETF during the 4th quarter worth approximately $44,000. Sound Income Strategies LLC boosted its position in 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 buying an additional 703 shares during the period. Finally, Angeles Wealth Management LLC purchased a new position in Schwab 1000 Index ETF in the 1st quarter valued at approximately $63,000.
Schwab 1000 Index ETF Stock Down 0.9%
NYSEARCA:SCHK opened at $36.79 on Friday. Schwab 1000 Index ETF has a 52 week low of $30.30 and a 52 week high of $37.62. The company has a fifty day simple moving average of $36.27 and a two-hundred day simple moving average of $34.59. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 25.42 and a beta of 1.01.
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.
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