Schwab 1000 Index ETF (NYSEARCA:SCHK) Hits New 52-Week High at $55.45

Schwab 1000 Index ETF (NYSEARCA:SCHK) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $55.45 and last traded at $55.45, with a volume of 284 shares changing hands. The stock had previously closed at $55.02.

Schwab 1000 Index ETF Stock Up 0.3 %

The stock has a 50-day moving average price of $53.04 and a 200 day moving average price of $51.59. The firm has a market capitalization of $3.75 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02.

Hedge Funds Weigh In On Schwab 1000 Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of SCHK. Woodmont Investment Counsel LLC purchased a new position in shares of Schwab 1000 Index ETF in the 1st quarter valued at about $26,000. International Assets Investment Management LLC purchased a new stake in shares of Schwab 1000 Index ETF during the 2nd quarter worth approximately $28,000. Hexagon Capital Partners LLC boosted its holdings in shares of Schwab 1000 Index ETF by 95.4% in the 2nd quarter. Hexagon Capital Partners LLC now owns 1,413 shares of the company’s stock valued at $74,000 after buying an additional 690 shares in the last quarter. Clear Investment Research LLC purchased a new position in shares of Schwab 1000 Index ETF in the 4th quarter valued at $87,000. Finally, TD Capital Management LLC raised its stake in Schwab 1000 Index ETF by 30.5% during the 4th quarter. TD Capital Management LLC now owns 2,508 shares of the company’s stock worth $116,000 after acquiring an additional 586 shares in the last quarter.

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.