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

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $33.56 and last traded at $33.5350, with a volume of 229286 shares trading hands. The stock had previously closed at $33.39.

Schwab 1000 Index ETF Stock Performance

The stock has a market cap of $5.00 billion, a PE ratio of 25.42 and a beta of 1.02. The company has a 50 day moving average of $32.89 and a two-hundred day moving average of $32.03.

Institutional Investors Weigh In On Schwab 1000 Index ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SCHK. Lodestone Wealth Management LLC acquired a new position in shares of Schwab 1000 Index ETF during the 4th quarter worth approximately $28,000. Steigerwald Gordon & Koch Inc. acquired a new position in Schwab 1000 Index ETF during the third quarter worth $32,000. Dorato Capital Management purchased a new position in shares of Schwab 1000 Index ETF during the 4th quarter worth $40,000. Sound Income Strategies LLC boosted its position in shares of Schwab 1000 Index ETF by 49.2% during the 2nd quarter. Sound Income Strategies LLC now owns 1,498 shares of the company’s stock valued at $45,000 after acquiring an additional 494 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Schwab 1000 Index ETF by 149.6% during the fourth quarter. Blue Trust Inc. now owns 1,500 shares of the company’s stock worth $49,000 after purchasing an additional 899 shares during the last quarter.

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.