Wescott Financial Advisory Group LLC Purchases New Stake in Schwab 1000 Index ETF $SCHK

Wescott Financial Advisory Group LLC purchased a new stake in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 90,623 shares of the company’s stock, valued at approximately $2,972,000.

Several other institutional investors also recently added to or reduced their stakes in SCHK. Lodestone Wealth Management LLC bought a new position in Schwab 1000 Index ETF during the fourth quarter valued at about $28,000. Dorato Capital Management bought a new position in Schwab 1000 Index ETF during the fourth quarter valued at about $40,000. Garner Asset Management Corp bought a new position in Schwab 1000 Index ETF during the fourth quarter valued at about $44,000. Blue Trust Inc. grew its position in Schwab 1000 Index ETF by 149.6% during the fourth quarter. Blue Trust Inc. now owns 1,500 shares of the company’s stock valued at $49,000 after buying an additional 899 shares during the period. Finally, Abound Wealth Management bought a new position in Schwab 1000 Index ETF during the fourth quarter valued at about $84,000.

Schwab 1000 Index ETF Stock Performance

SCHK opened at $35.59 on Friday. The firm has a market cap of $5.43 billion, a P/E ratio of 25.42 and a beta of 1.01. The firm has a 50-day moving average of $34.67 and a 200 day moving average of $33.45. Schwab 1000 Index ETF has a fifty-two week low of $28.65 and a fifty-two week high of $36.63.

Schwab 1000 Index ETF 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.