Envestnet Asset Management Inc. Increases Stock Position in Schwab 1000 Index ETF $SCHK

Envestnet Asset Management Inc. raised its stake in Schwab 1000 Index ETF (NYSEARCA:SCHK) by 41.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 11,872 shares of the company’s stock after purchasing an additional 3,451 shares during the period. Envestnet Asset Management Inc.’s holdings in Schwab 1000 Index ETF were worth $354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of Schwab 1000 Index ETF by 512.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 134,480 shares of the company’s stock valued at $4,061,000 after purchasing an additional 112,539 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in Schwab 1000 Index ETF in the second quarter valued at approximately $3,134,000. Jane Street Group LLC acquired a new stake in shares of Schwab 1000 Index ETF in the first quarter valued at approximately $2,157,000. US Bancorp DE grew its position in shares of Schwab 1000 Index ETF by 38.1% during the second quarter. US Bancorp DE now owns 217,159 shares of the company’s stock worth $6,476,000 after acquiring an additional 59,931 shares during the last quarter. Finally, SouthState Corp purchased a new position in shares of Schwab 1000 Index ETF during the first quarter worth approximately $1,168,000.

Schwab 1000 Index ETF Price Performance

SCHK stock opened at $32.71 on Thursday. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 25.42 and a beta of 1.02. The company has a fifty day moving average price of $32.29 and a 200 day moving average price of $30.79. Schwab 1000 Index ETF has a 12 month low of $23.18 and a 12 month high of $33.21.

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.