Schwab 1000 Index ETF (NYSEARCA:SCHK) Reaches New 12-Month High at $52.90

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares hit a new 52-week high on Friday . The company traded as high as $52.90 and last traded at $52.86, with a volume of 37215 shares trading hands. The stock had previously closed at $52.54.

Schwab 1000 Index ETF Stock Down 0.4 %

The business’s 50-day simple moving average is $50.88 and its two-hundred day simple moving average is $49.02. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Advisors LLC boosted its stake in shares of Schwab 1000 Index ETF by 115.4% in the first quarter. Cetera Advisors LLC now owns 28,725 shares of the company’s stock valued at $1,456,000 after purchasing an additional 15,390 shares during the period. Comerica Bank boosted its stake in shares of Schwab 1000 Index ETF by 13.7% in the first quarter. Comerica Bank now owns 4,053 shares of the company’s stock valued at $205,000 after purchasing an additional 487 shares during the period. Koshinski Asset Management Inc. purchased a new position in shares of Schwab 1000 Index ETF in the first quarter valued at approximately $242,000. US Bancorp DE boosted its stake in shares of Schwab 1000 Index ETF by 0.5% in the first quarter. US Bancorp DE now owns 67,780 shares of the company’s stock valued at $3,434,000 after purchasing an additional 317 shares during the period. Finally, Woodmont Investment Counsel LLC purchased a new position in shares of Schwab 1000 Index ETF in the first quarter valued at approximately $26,000.

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.