HighTower Advisors LLC Has $297,000 Stock Position in Schwab 1000 Index ETF (NYSEARCA:SCHK)

HighTower Advisors LLC boosted its position in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 87.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,497 shares of the company’s stock after purchasing an additional 4,883 shares during the period. HighTower Advisors LLC’s holdings in Schwab 1000 Index ETF were worth $297,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Legacy Wealth Management Inc boosted its position in Schwab 1000 Index ETF by 94.0% during the fourth quarter. Legacy Wealth Management Inc now owns 6,970,674 shares of the company’s stock valued at $197,340,000 after purchasing an additional 3,377,865 shares during the last quarter. Armstrong Advisory Group Inc. raised its position in shares of Schwab 1000 Index ETF by 107.3% in the fourth quarter. Armstrong Advisory Group Inc. now owns 2,633,266 shares of the company’s stock valued at $74,548,000 after purchasing an additional 1,363,200 shares during the period. Lighthouse Wealth Management Inc. acquired a new stake in Schwab 1000 Index ETF during the fourth quarter worth approximately $9,549,000. Blake Schutter Theil Wealth Advisors LLC boosted its stake in Schwab 1000 Index ETF by 100.0% in the 4th quarter. Blake Schutter Theil Wealth Advisors LLC now owns 621,234 shares of the company’s stock valued at $17,587,000 after purchasing an additional 310,617 shares during the period. Finally, Donor Advised Charitable Giving Inc. boosted its holdings in Schwab 1000 Index ETF by 100.0% in the 4th quarter. Donor Advised Charitable Giving Inc. now owns 120,288 shares of the company’s stock valued at $3,405,000 after purchasing an additional 60,144 shares during the period.

Schwab 1000 Index ETF Stock Performance

NYSEARCA:SCHK opened at $27.02 on Wednesday. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 24.11 and a beta of 1.04. Schwab 1000 Index ETF has a fifty-two week low of $23.86 and a fifty-two week high of $29.65. The stock has a fifty day moving average price of $28.36 and a 200-day moving average price of $28.36.

Schwab 1000 Index ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were given a dividend of $0.0808 per share. The ex-dividend date of this dividend was 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.