Schwab 1000 Index ETF (NYSEARCA:SCHK) Reaches New 12-Month High – Here’s What Happened

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares hit a new 52-week high on Tuesday . The stock traded as high as $36.75 and last traded at $36.75, with a volume of 24310 shares trading hands. The stock had previously closed at $36.51.

Schwab 1000 Index ETF Trading Up 1.1%

The business’s fifty day moving average price is $35.95 and its two-hundred day moving average price is $34.23. The firm has a market cap of $5.86 billion, a P/E ratio of 25.42 and a beta of 1.01.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SCHK. JFS Wealth Advisors LLC increased its holdings in Schwab 1000 Index ETF by 385.0% in the 2nd quarter. JFS Wealth Advisors LLC now owns 1,911 shares of the company’s stock valued at $69,000 after buying an additional 1,517 shares during the period. Fiduciary Financial Group LLC boosted its position in shares of Schwab 1000 Index ETF by 100.2% during the 2nd quarter. Fiduciary Financial Group LLC now owns 82,447 shares of the company’s stock valued at $2,973,000 after acquiring an additional 41,255 shares in the last quarter. Orser Capital Management LLC increased its stake in Schwab 1000 Index ETF by 2.4% in the second quarter. Orser Capital Management LLC now owns 83,747 shares of the company’s stock valued at $3,020,000 after acquiring an additional 1,930 shares during the period. Evanson Financial LLC bought a new stake in Schwab 1000 Index ETF in the second quarter valued at about $226,000. Finally, Curry Webb Wealth Management LLC bought a new stake in Schwab 1000 Index ETF in the first quarter valued at about $1,379,000.

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.