Schwab 1000 Index ETF (NYSEARCA:SCHK) Hits New 12-Month High – Should You Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $35.61 and last traded at $35.55, with a volume of 333544 shares trading hands. The stock had previously closed at $35.47.

Schwab 1000 Index ETF Stock Up 0.2%

The stock has a market cap of $5.42 billion, a PE ratio of 25.42 and a beta of 1.01. The firm has a 50 day moving average price of $32.91 and a 200 day moving average price of $32.91.

Hedge Funds Weigh In On Schwab 1000 Index ETF

Institutional investors have recently made changes to their positions in the company. Archer Investment Corp purchased a new position in shares of Schwab 1000 Index ETF during the first quarter valued at $26,000. Lodestone Wealth Management LLC bought a new position in Schwab 1000 Index ETF in the fourth quarter worth about $28,000. Atlas Capital Advisors Inc. bought a new position in Schwab 1000 Index ETF in the fourth quarter worth about $31,000. Dorato Capital Management bought a new position in Schwab 1000 Index ETF in the fourth quarter worth about $40,000. Finally, Garner Asset Management Corp bought a new position in Schwab 1000 Index ETF in the fourth quarter worth about $44,000.

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.