Meridian Wealth Management LLC Increases Stake in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Meridian Wealth Management LLC raised its stake in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 95.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,192 shares of the company’s stock after buying an additional 4,977 shares during the quarter. Meridian Wealth Management LLC’s holdings in Schwab 1000 Index ETF were worth $289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in SCHK. Legacy Wealth Management Inc grew its holdings in Schwab 1000 Index ETF by 94.0% during the 4th quarter. Legacy Wealth Management Inc now owns 6,970,674 shares of the company’s stock valued at $197,340,000 after buying an additional 3,377,865 shares in the last quarter. Armstrong Advisory Group Inc. grew its holdings in Schwab 1000 Index ETF by 107.3% during the 4th quarter. Armstrong Advisory Group Inc. now owns 2,633,266 shares of the company’s stock valued at $74,548,000 after buying an additional 1,363,200 shares in the last quarter. Lighthouse Wealth Management Inc. purchased a new stake in Schwab 1000 Index ETF during the 4th quarter valued at approximately $9,549,000. Blake Schutter Theil Wealth Advisors LLC purchased a new stake in Schwab 1000 Index ETF during the 3rd quarter valued at approximately $17,174,000. Finally, Donor Advised Charitable Giving Inc. grew its holdings in Schwab 1000 Index ETF by 100.0% during the 4th quarter. Donor Advised Charitable Giving Inc. now owns 120,288 shares of the company’s stock valued at $3,405,000 after buying an additional 60,144 shares in the last quarter.

Schwab 1000 Index ETF Price Performance

Shares of SCHK opened at $28.13 on Thursday. Schwab 1000 Index ETF has a 1 year low of $23.86 and a 1 year high of $29.65. The company has a 50 day simple moving average of $28.90 and a two-hundred day simple moving average of $28.30. The firm has a market cap of $3.97 billion, a P/E ratio of 26.34 and a beta of 1.03.

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.