Schwab 1000 Index ETF (NYSEARCA:SCHK) Reaches New 52-Week High – Here’s Why

Schwab 1000 Index ETF (NYSEARCA:SCHK) reached a new 52-week high on Wednesday . The stock traded as high as $30.32 and last traded at $30.03, with a volume of 598832 shares trading hands. The stock had previously closed at $30.18.

Schwab 1000 Index ETF Trading Up 0.2%

The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 25.42 and a beta of 1.02. The firm has a 50 day moving average price of $29.07 and a two-hundred day moving average price of $28.14.

Hedge Funds Weigh In On Schwab 1000 Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of SCHK. Sound Income Strategies LLC raised its position in shares of Schwab 1000 Index ETF by 49.2% in the 2nd quarter. Sound Income Strategies LLC now owns 1,498 shares of the company’s stock valued at $45,000 after purchasing an additional 494 shares in the last quarter. McAdam LLC grew its stake in Schwab 1000 Index ETF by 140.6% during the 2nd quarter. McAdam LLC now owns 31,079 shares of the company’s stock worth $927,000 after buying an additional 18,162 shares during the last quarter. RVW Wealth LLC bought a new position in Schwab 1000 Index ETF during the 2nd quarter worth $281,000. Lighthouse Wealth Management Inc. boosted its position in Schwab 1000 Index ETF by 0.3% during the 2nd quarter. Lighthouse Wealth Management Inc. now owns 344,735 shares of the company’s stock worth $10,280,000 after acquiring an additional 1,134 shares during the period. Finally, Diversified Trust Co acquired a new position in Schwab 1000 Index ETF during the 2nd quarter worth $1,076,000.

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.