Commonwealth Equity Services LLC Boosts Stock Position in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Commonwealth Equity Services LLC grew its holdings in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 106.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 46,741 shares of the company’s stock after purchasing an additional 24,077 shares during the period. Commonwealth Equity Services LLC owned about 0.07% of Schwab 1000 Index ETF worth $1,323,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Legacy Wealth Management Inc grew its holdings in shares of Schwab 1000 Index ETF by 94.0% in the fourth quarter. Legacy Wealth Management Inc now owns 6,970,674 shares of the company’s stock worth $197,340,000 after purchasing an additional 3,377,865 shares during the last quarter. Warwick Investment Management Inc. boosted its position in Schwab 1000 Index ETF by 109.2% in the 4th quarter. Warwick Investment Management Inc. now owns 4,387,948 shares of the company’s stock valued at $124,223,000 after buying an additional 2,290,163 shares during the period. Armstrong Advisory Group Inc. grew its stake in Schwab 1000 Index ETF by 107.3% in the 4th quarter. Armstrong Advisory Group Inc. now owns 2,633,266 shares of the company’s stock worth $74,548,000 after acquiring an additional 1,363,200 shares in the last quarter. Lighthouse Wealth Management Inc. purchased a new position in shares of Schwab 1000 Index ETF during the fourth quarter worth approximately $9,549,000. Finally, Blake Schutter Theil Wealth Advisors LLC raised its stake in shares of Schwab 1000 Index ETF by 100.0% during the fourth quarter. Blake Schutter Theil Wealth Advisors LLC now owns 621,234 shares of the company’s stock valued at $17,587,000 after acquiring an additional 310,617 shares in the last quarter.

Schwab 1000 Index ETF Stock Performance

Shares of NYSEARCA SCHK opened at $26.77 on Monday. Schwab 1000 Index ETF has a 52-week low of $23.86 and a 52-week high of $29.65. The firm has a market capitalization of $3.77 billion, a price-to-earnings ratio of 24.11 and a beta of 1.04. The stock has a 50 day moving average price of $28.44 and a 200 day moving average price of $28.36.

Schwab 1000 Index ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th will be issued a $0.0808 dividend. The ex-dividend date is Wednesday, March 26th.

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.