Spinnaker Trust Has $205,000 Position in Schwab 1000 Index ETF (NYSEARCA:SCHK)

Spinnaker Trust lifted its stake in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) by 100.0% during the fourth quarter, Holdings Channel reports. The fund owned 7,244 shares of the company’s stock after buying an additional 3,622 shares during the quarter. Spinnaker Trust’s holdings in Schwab 1000 Index ETF were worth $205,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in Schwab 1000 Index ETF by 7.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,692 shares of the company’s stock valued at $315,000 after purchasing an additional 396 shares in the last quarter. Mather Group LLC. increased its stake in Schwab 1000 Index ETF by 63.4% during the 4th quarter. Mather Group LLC. now owns 1,217 shares of the company’s stock valued at $34,000 after purchasing an additional 472 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in Schwab 1000 Index ETF by 100.8% during the 4th quarter. GHP Investment Advisors Inc. now owns 972 shares of the company’s stock valued at $28,000 after purchasing an additional 488 shares in the last quarter. Blue Trust Inc. increased its stake in Schwab 1000 Index ETF by 100.0% during the 4th quarter. Blue Trust Inc. now owns 1,148 shares of the company’s stock valued at $32,000 after purchasing an additional 574 shares in the last quarter. Finally, Breakwater Investment Management increased its stake in Schwab 1000 Index ETF by 100.0% during the 4th quarter. Breakwater Investment Management now owns 1,174 shares of the company’s stock valued at $33,000 after purchasing an additional 587 shares in the last quarter.

Schwab 1000 Index ETF Stock Performance

Shares of SCHK stock opened at $29.51 on Friday. The firm has a market capitalization of $2.01 billion, a PE ratio of 26.06 and a beta of 1.02. The firm has a fifty day simple moving average of $28.92 and a two-hundred day simple moving average of $28.02. Schwab 1000 Index ETF has a 12 month low of $23.86 and a 12 month high of $29.57.

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.