Strategic Financial Concepts LLC Makes New $1.34 Million Investment in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Strategic Financial Concepts LLC bought a new position in Schwab 1000 Index ETF (NYSEARCA:SCHK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 47,253 shares of the company’s stock, valued at approximately $1,338,000. Strategic Financial Concepts LLC owned 0.07% of Schwab 1000 Index ETF as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SCHK. HighTower Advisors LLC raised its position in Schwab 1000 Index ETF by 36.9% during the 3rd quarter. HighTower Advisors LLC now owns 5,614 shares of the company’s stock valued at $311,000 after purchasing an additional 1,512 shares during the last quarter. Invst LLC purchased a new position in shares of Schwab 1000 Index ETF during the third quarter valued at approximately $208,000. GAMMA Investing LLC lifted its stake in Schwab 1000 Index ETF by 100.0% in the fourth quarter. GAMMA Investing LLC now owns 18,364 shares of the company’s stock worth $520,000 after acquiring an additional 9,182 shares during the period. JPMorgan Chase & Co. boosted its holdings in Schwab 1000 Index ETF by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 5,692 shares of the company’s stock valued at $315,000 after acquiring an additional 396 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its position in Schwab 1000 Index ETF by 86.0% during the 4th quarter. Stratos Wealth Advisors LLC now owns 18,066 shares of the company’s stock valued at $511,000 after purchasing an additional 8,354 shares during the period.

Schwab 1000 Index ETF Trading Up 0.7 %

NYSEARCA:SCHK opened at $29.30 on Tuesday. Schwab 1000 Index ETF has a 12 month low of $23.72 and a 12 month high of $29.57. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02. The company has a 50-day moving average price of $28.93 and a 200-day moving average price of $27.95.

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.