Schwab 1000 Index ETF (NYSEARCA:SCHK) Hits New 1-Year High – What’s Next?

Shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $29.15 and last traded at $29.15, with a volume of 1420 shares traded. The stock had previously closed at $28.91.

Schwab 1000 Index ETF Stock Performance

The stock has a 50 day moving average of $27.96 and a 200-day moving average of $26.80. The company has a market cap of $1.97 billion, a PE ratio of 26.06 and a beta of 1.02.

Hedge Funds Weigh In On Schwab 1000 Index ETF

Several hedge funds and other institutional investors have recently bought and sold shares of SCHK. Comerica Bank increased its stake in shares of Schwab 1000 Index ETF by 13.7% in the first quarter. Comerica Bank now owns 4,053 shares of the company’s stock worth $205,000 after acquiring an additional 487 shares during the period. Cetera Advisors LLC raised its stake in shares of Schwab 1000 Index ETF by 115.4% during the 1st quarter. Cetera Advisors LLC now owns 28,725 shares of the company’s stock valued at $1,456,000 after buying an additional 15,390 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of Schwab 1000 Index ETF in the 2nd quarter valued at about $480,000. Mather Group LLC. purchased a new stake in shares of Schwab 1000 Index ETF in the second quarter worth about $161,000. Finally, Kingswood Wealth Advisors LLC acquired a new stake in Schwab 1000 Index ETF during the second quarter worth about $734,000.

Schwab 1000 Index ETF Company Profile

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.