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

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares hit a new 52-week high on Tuesday. The stock traded as high as $37.62 and last traded at $37.5950, with a volume of 115294 shares trading hands. The stock had previously closed at $37.30.

Schwab 1000 Index ETF Stock Performance

The firm has a market cap of $5.85 billion, a P/E ratio of 25.42 and a beta of 1.01. The firm’s fifty day moving average is $36.88 and its 200 day moving average is $35.50.

Hedge Funds Weigh In On Schwab 1000 Index ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Waddell & Associates LLC boosted its stake in Schwab 1000 Index ETF by 1.0% in the 4th quarter. Waddell & Associates LLC now owns 2,071,165 shares of the company’s stock valued at $67,934,000 after purchasing an additional 20,815 shares during the period. Cooper Haims Advisors LLC acquired a new stake in shares of Schwab 1000 Index ETF during the second quarter worth $36,003,000. Avant Capital LLC lifted its holdings in shares of Schwab 1000 Index ETF by 1,802.1% during the second quarter. Avant Capital LLC now owns 574,656 shares of the company’s stock worth $20,722,000 after buying an additional 544,444 shares in the last quarter. JNBA Financial Advisors bought a new stake in shares of Schwab 1000 Index ETF in the second quarter valued at about $19,247,000. Finally, Main Street Financial Solutions LLC boosted its position in shares of Schwab 1000 Index ETF by 0.6% in the fourth quarter. Main Street Financial Solutions LLC now owns 413,934 shares of the company’s stock valued at $13,577,000 after acquiring an additional 2,587 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.