Schwab 1000 Index ETF (NYSEARCA:SCHK) Sees Strong Trading Volume – Time to Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares saw unusually-high trading volume on Tuesday . Approximately 2,574,632 shares traded hands during trading, an increase of 130% from the previous session’s volume of 1,118,579 shares.The stock last traded at $32.9670 and had previously closed at $32.86.

Schwab 1000 Index ETF Stock Performance

The company has a fifty day moving average price of $33.11 and a two-hundred day moving average price of $32.35. The company has a market cap of $4.94 billion, a P/E ratio of 25.42 and a beta of 1.02.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SCHK. Royal Bank of Canada boosted its holdings in shares of Schwab 1000 Index ETF by 20.6% in the 1st quarter. Royal Bank of Canada now owns 9,116 shares of the company’s stock valued at $245,000 after buying an additional 1,556 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Schwab 1000 Index ETF in the first quarter valued at $232,000. Goldman Sachs Group Inc. acquired a new stake in Schwab 1000 Index ETF in the first quarter valued at $629,000. Jane Street Group LLC bought a new position in shares of Schwab 1000 Index ETF in the 1st quarter valued at about $2,157,000. Finally, Sequoia Financial Advisors LLC increased its stake in shares of Schwab 1000 Index ETF by 4.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 8,290 shares of the company’s stock worth $247,000 after purchasing an additional 347 shares during the last quarter.

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.