Schwab 1000 Index ETF (NYSEARCA:SCHK) Sets New 12-Month High – Here’s What Happened

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $33.67 and last traded at $33.4450, with a volume of 730 shares traded. The stock had previously closed at $33.45.

Schwab 1000 Index ETF Stock Performance

The company has a market capitalization of $4.97 billion, a PE ratio of 25.42 and a beta of 1.02. The stock’s fifty day simple moving average is $33.05 and its 200-day simple moving average is $32.15.

Institutional Trading of Schwab 1000 Index ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of Schwab 1000 Index ETF by 20.6% during the first quarter. Royal Bank of Canada now owns 9,116 shares of the company’s stock worth $245,000 after purchasing an additional 1,556 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in Schwab 1000 Index ETF during the first quarter worth about $232,000. Goldman Sachs Group Inc. acquired a new stake in Schwab 1000 Index ETF in the 1st quarter worth about $629,000. Jane Street Group LLC purchased a new stake in Schwab 1000 Index ETF in the 1st quarter valued at about $2,157,000. Finally, Opulen Financial Group LLC increased its stake in shares of Schwab 1000 Index ETF by 43.3% during the 2nd quarter. Opulen Financial Group LLC now owns 30,302 shares of the company’s stock valued at $904,000 after acquiring an additional 9,157 shares during the last quarter.

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.