Schwab 1000 Index ETF (NYSEARCA:SCHK) Sets New 1-Year High – Here’s Why

Posted by Anthony Miller on Dec 2nd, 2024

Shares of Schwab 1000 Index ETF (NYSEARCA:SCHK – Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $29.27 and last traded at $29.24, with a volume of 75478 shares. The stock had previously closed at $29.22.

Schwab 1000 Index ETF Stock Performance

The firm has a market capitalization of $1.99 billion, a P/E ratio of 26.06 and a beta of 1.02. The business has a fifty day moving average of $28.14 and a 200-day moving average of $26.94.

Institutional Investors Weigh In On Schwab 1000 Index ETF

Institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC lifted its position in Schwab 1000 Index ETF by 115.4% in the first quarter. Cetera Advisors LLC now owns 28,725 shares of the company’s stock worth $1,456,000 after purchasing an additional 15,390 shares during the period. Commonwealth Equity Services LLC lifted its position in Schwab 1000 Index ETF by 97.5% in the second quarter. Commonwealth Equity Services LLC now owns 22,600 shares of the company’s stock worth $1,183,000 after purchasing an additional 11,157 shares during the period. Johnson Investment Counsel Inc. lifted its position in Schwab 1000 Index ETF by 6.8% in the second quarter. Johnson Investment Counsel Inc. now owns 12,141 shares of the company’s stock worth $635,000 after purchasing an additional 773 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Schwab 1000 Index ETF by 3.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,951 shares of the company’s stock worth $468,000 after purchasing an additional 291 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Schwab 1000 Index ETF in the second quarter worth approximately $734,000.

Schwab 1000 Index ETF Company Profile

(Get Free Report)

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.