IFP Advisors Inc Increases Stake in Schwab 1000 Index ETF (NYSEARCA:SCHK)

IFP Advisors Inc boosted its stake in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 99.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,759 shares of the company’s stock after acquiring an additional 1,879 shares during the quarter. IFP Advisors Inc’s holdings in Schwab 1000 Index ETF were worth $106,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC increased its position in shares of Schwab 1000 Index ETF by 36.9% in the third quarter. HighTower Advisors LLC now owns 5,614 shares of the company’s stock valued at $311,000 after buying an additional 1,512 shares in the last quarter. Invst LLC purchased a new stake in shares of Schwab 1000 Index ETF in the third quarter valued at approximately $208,000. GAMMA Investing LLC increased its position in shares of Schwab 1000 Index ETF by 100.0% in the fourth quarter. GAMMA Investing LLC now owns 18,364 shares of the company’s stock valued at $520,000 after buying an additional 9,182 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Schwab 1000 Index ETF by 7.5% in the third quarter. JPMorgan Chase & Co. now owns 5,692 shares of the company’s stock valued at $315,000 after buying an additional 396 shares in the last quarter. Finally, Stratos Wealth Advisors LLC boosted its stake in shares of Schwab 1000 Index ETF by 86.0% in the fourth quarter. Stratos Wealth Advisors LLC now owns 18,066 shares of the company’s stock worth $511,000 after acquiring an additional 8,354 shares during the last quarter.

Schwab 1000 Index ETF Price Performance

Shares of NYSEARCA:SCHK opened at $27.81 on Wednesday. The business’s 50 day moving average price is $28.92 and its 200-day moving average price is $28.29. The firm has a market capitalization of $3.93 billion, a PE ratio of 26.34 and a beta of 1.03. Schwab 1000 Index ETF has a 1 year low of $23.86 and a 1 year high of $29.65.

About Schwab 1000 Index ETF

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.