Commonwealth Equity Services LLC Buys 11,157 Shares of Schwab 1000 Index ETF (NYSEARCA:SCHK)

Commonwealth Equity Services LLC raised its stake in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 97.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,600 shares of the company’s stock after buying an additional 11,157 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Schwab 1000 Index ETF were worth $1,183,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE increased its holdings in shares of Schwab 1000 Index ETF by 15.9% in the fourth quarter. US Bancorp DE now owns 67,463 shares of the company’s stock worth $3,107,000 after purchasing an additional 9,253 shares during the period. Focus Financial Network Inc. ADV bought a new position in Schwab 1000 Index ETF in the 4th quarter worth about $384,000. TD Capital Management LLC raised its holdings in shares of Schwab 1000 Index ETF by 30.5% in the 4th quarter. TD Capital Management LLC now owns 2,508 shares of the company’s stock valued at $116,000 after acquiring an additional 586 shares in the last quarter. Clear Investment Research LLC bought a new stake in shares of Schwab 1000 Index ETF during the 4th quarter valued at about $87,000. Finally, Warwick Investment Management Inc. purchased a new position in shares of Schwab 1000 Index ETF during the fourth quarter worth about $38,108,000.

Schwab 1000 Index ETF Stock Performance

Shares of NYSEARCA:SCHK opened at $54.17 on Tuesday. The firm has a fifty day moving average of $52.93 and a 200 day moving average of $51.38. Schwab 1000 Index ETF has a 52-week low of $39.41 and a 52-week high of $54.45. The firm has a market capitalization of $3.68 billion, a PE ratio of 26.06 and a beta of 1.02.

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.