HighTower Advisors LLC Increases Stock Position in Schwab 1000 Index ETF (NYSEARCA:SCHK)

HighTower Advisors LLC raised its stake in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 36.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,614 shares of the company’s stock after purchasing an additional 1,512 shares during the quarter. HighTower Advisors LLC’s holdings in Schwab 1000 Index ETF were worth $311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of SCHK. International Assets Investment Management LLC purchased a new position in shares of Schwab 1000 Index ETF in the second quarter worth about $28,000. Rothschild Investment LLC bought a new position in Schwab 1000 Index ETF during the 2nd quarter worth approximately $128,000. Spinnaker Trust purchased a new position in Schwab 1000 Index ETF in the 3rd quarter worth approximately $200,000. Manchester Financial Inc. bought a new stake in Schwab 1000 Index ETF in the third quarter valued at approximately $206,000. Finally, Ritholtz Wealth Management purchased a new stake in shares of Schwab 1000 Index ETF during the second quarter valued at approximately $202,000.

Schwab 1000 Index ETF Stock Up 1.1 %

Shares of Schwab 1000 Index ETF stock opened at $29.04 on Thursday. The company’s fifty day simple moving average is $28.66 and its two-hundred day simple moving average is $27.38. Schwab 1000 Index ETF has a 12-month low of $22.57 and a 12-month high of $29.54. The firm has a market cap of $1.97 billion, a PE ratio of 26.06 and a beta of 1.02.

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.