Schwab 1000 Index ETF $SCHK Shares Newly Acquired by Welch Group LLC

Welch Group LLC purchased a new stake in Schwab 1000 Index ETF (NYSEARCA:SCHK) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,432 shares of the company’s stock, valued at approximately $529,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SCHK. Bell Investment Advisors Inc increased its position in Schwab 1000 Index ETF by 2,336.0% during the 3rd quarter. Bell Investment Advisors Inc now owns 12,594 shares of the company’s stock worth $462,000 after purchasing an additional 12,077 shares in the last quarter. Armor Investment Advisors LLC acquired a new stake in Schwab 1000 Index ETF in the third quarter valued at approximately $25,000. William Mack & Associates Inc. acquired a new stake in Schwab 1000 Index ETF in the third quarter valued at approximately $91,000. Pflug Koory LLC bought a new stake in shares of Schwab 1000 Index ETF during the third quarter worth $179,000. Finally, WESPAC Advisors LLC bought a new stake in shares of Schwab 1000 Index ETF during the third quarter worth $2,118,000.

Schwab 1000 Index ETF Stock Performance

Shares of NYSEARCA:SCHK opened at $36.16 on Tuesday. The company has a fifty day moving average of $36.92 and a 200-day moving average of $35.11. The company has a market capitalization of $5.66 billion, a PE ratio of 25.42 and a beta of 1.01. Schwab 1000 Index ETF has a 52-week low of $30.30 and a 52-week high of $37.62.

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.