Wescott Financial Advisory Group LLC Invests $2.97 Million in Schwab 1000 Index ETF $SCHK

Wescott Financial Advisory Group LLC bought a new position in Schwab 1000 Index ETF (NYSEARCA:SCHK) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 90,623 shares of the company’s stock, valued at approximately $2,972,000. Wescott Financial Advisory Group LLC owned approximately 0.06% of Schwab 1000 Index ETF at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Lodestone Wealth Management LLC bought a new stake in shares of Schwab 1000 Index ETF in the 4th quarter worth $28,000. Dorato Capital Management bought a new stake in shares of Schwab 1000 Index ETF in the 4th quarter worth $40,000. Garner Asset Management Corp bought a new stake in shares of Schwab 1000 Index ETF in the 4th quarter worth $44,000. Blue Trust Inc. grew its stake in shares of Schwab 1000 Index ETF by 149.6% in the 4th quarter. Blue Trust Inc. now owns 1,500 shares of the company’s stock worth $49,000 after acquiring an additional 899 shares in the last quarter. Finally, Abound Wealth Management bought a new stake in shares of Schwab 1000 Index ETF in the 4th quarter worth $84,000.

Schwab 1000 Index ETF Price Performance

NYSEARCA SCHK opened at $35.59 on Friday. Schwab 1000 Index ETF has a 1 year low of $28.65 and a 1 year high of $36.63. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 25.42 and a beta of 1.01. The company has a fifty day moving average price of $34.67 and a 200-day moving average price of $33.45.

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.