Cornerstone Advisors Asset Management LLC lessened its stake in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK – Free Report) by 28.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 184,454 shares of the company’s stock after selling 73,997 shares during the period. Schwab 1000 Index ETF accounts for about 0.7% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 29th largest position. Cornerstone Advisors Asset Management LLC’s holdings in Schwab 1000 Index ETF were worth $6,762,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of SCHK. Diversified Trust Co acquired a new position in shares of Schwab 1000 Index ETF in the third quarter worth $1,303,000. Russell Investments Group Ltd. purchased a new position in Schwab 1000 Index ETF in the 3rd quarter valued at about $144,000. Cabot Wealth Management Inc. purchased a new position in shares of Schwab 1000 Index ETF during the third quarter valued at approximately $1,054,000. Pinion Investment Advisors LLC purchased a new position in shares of Schwab 1000 Index ETF during the 3rd quarter worth $610,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Schwab 1000 Index ETF during the third quarter worth $121,000.
Schwab 1000 Index ETF Stock Down 0.4%
SCHK stock opened at $36.24 on Friday. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 23.53 and a beta of 1.01. Schwab 1000 Index ETF has a 52-week low of $30.30 and a 52-week high of $37.62. The stock’s fifty day simple moving average is $36.77 and its 200-day simple moving average is $35.24.
Schwab 1000 Index ETF 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.
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Want to see what other hedge funds are holding SCHK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Schwab 1000 Index ETF (NYSEARCA:SCHK – Free Report).
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