Schwab 1000 Index ETF (NYSEARCA:SCHK) Reaches New 1-Year High – Still a Buy?

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $29.58 and last traded at $29.55, with a volume of 381 shares traded. The stock had previously closed at $29.53.

Schwab 1000 Index ETF Stock Performance

The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 26.06 and a beta of 1.02. The firm’s 50-day simple moving average is $28.87 and its two-hundred day simple moving average is $27.75.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC lifted its stake in shares of Schwab 1000 Index ETF by 36.9% during the third quarter. HighTower Advisors LLC now owns 5,614 shares of the company’s stock valued at $311,000 after acquiring an additional 1,512 shares during the period. Invst LLC bought a new position in shares of Schwab 1000 Index ETF in the 3rd quarter valued at about $208,000. GAMMA Investing LLC boosted its stake in shares of Schwab 1000 Index ETF by 100.0% in the 4th quarter. GAMMA Investing LLC now owns 18,364 shares of the company’s stock valued at $520,000 after purchasing an additional 9,182 shares during the last quarter. Miracle Mile Advisors LLC grew its position in shares of Schwab 1000 Index ETF by 100.7% during the 4th quarter. Miracle Mile Advisors LLC now owns 8,153 shares of the company’s stock worth $231,000 after buying an additional 4,090 shares during the period. Finally, Omega Financial Group LLC raised its stake in shares of Schwab 1000 Index ETF by 60.1% during the fourth quarter. Omega Financial Group LLC now owns 8,809 shares of the company’s stock worth $249,000 after buying an additional 3,306 shares during 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.