Catalyst Investment Management LLC Buys New Holdings in Schwab 1000 Index ETF $SCHK

Catalyst Investment Management LLC purchased a new position in Schwab 1000 Index ETF (NYSEARCA:SCHK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 36,521 shares of the company’s stock, valued at approximately $1,198,000. Schwab 1000 Index ETF comprises about 1.1% of Catalyst Investment Management LLC’s portfolio, making the stock its 25th biggest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of Schwab 1000 Index ETF by 119.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,477,532 shares of the company’s stock valued at $114,063,000 after purchasing an additional 1,889,418 shares during the last quarter. Cornerstone Advisors Asset Management LLC raised its holdings in shares of Schwab 1000 Index ETF by 130.3% in the 4th quarter. Cornerstone Advisors Asset Management LLC now owns 194,308 shares of the company’s stock valued at $6,373,000 after purchasing an additional 109,944 shares in the last quarter. Wolfstich Capital LLC purchased a new stake in shares of Schwab 1000 Index ETF during the 4th quarter worth $3,557,000. Principia Wealth Advisory LLC purchased a new stake in shares of Schwab 1000 Index ETF during the 4th quarter worth $3,550,000. Finally, Bank of America Corp DE grew its stake in shares of Schwab 1000 Index ETF by 56.6% during the third quarter. Bank of America Corp DE now owns 299,094 shares of the company’s stock worth $9,607,000 after purchasing an additional 108,060 shares in the last quarter.

Schwab 1000 Index ETF Trading Up 1.1%

Shares of SCHK stock opened at $36.13 on Friday. The company has a market cap of $5.51 billion, a P/E ratio of 25.42 and a beta of 1.01. The firm has a fifty day moving average price of $35.11 and a 200 day moving average price of $33.57. Schwab 1000 Index ETF has a 12 month low of $28.65 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.