Schwab 1000 Index ETF (NYSEARCA:SCHK) Sets New 52-Week High – What’s Next?

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $34.91 and last traded at $34.85, with a volume of 346874 shares traded. The stock had previously closed at $34.57.

Schwab 1000 Index ETF Stock Up 0.8%

The firm’s 50 day simple moving average is $32.73 and its 200-day simple moving average is $32.81. The company has a market capitalization of $5.31 billion, a PE ratio of 25.42 and a beta of 1.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sanctuary Advisors LLC boosted its stake in shares of Schwab 1000 Index ETF by 1.7% in the first quarter. Sanctuary Advisors LLC now owns 30,659 shares of the company’s stock valued at $961,000 after purchasing an additional 498 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of Schwab 1000 Index ETF by 533.6% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 43,293 shares of the company’s stock valued at $1,356,000 after purchasing an additional 36,460 shares during the period. Archer Investment Corp purchased a new position in shares of Schwab 1000 Index ETF in the first quarter valued at $26,000. Chicago Partners Investment Group LLC boosted its stake in shares of Schwab 1000 Index ETF by 8.2% in the first quarter. Chicago Partners Investment Group LLC now owns 16,312 shares of the company’s stock valued at $559,000 after purchasing an additional 1,235 shares during the period. Finally, Kaizen Financial Strategies boosted its stake in shares of Schwab 1000 Index ETF by 6.4% in the first quarter. Kaizen Financial Strategies now owns 22,338 shares of the company’s stock valued at $755,000 after purchasing an additional 1,335 shares during the period.

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.