Schwab 1000 Index ETF (NYSEARCA:SCHK) Reaches New 1-Year High – Here’s Why

Schwab 1000 Index ETF (NYSEARCA:SCHK)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $33.63 and last traded at $33.60, with a volume of 328847 shares traded. The stock had previously closed at $33.46.

Schwab 1000 Index ETF Price Performance

The firm has a market capitalization of $5.11 billion, a PE ratio of 25.42 and a beta of 1.02. The firm’s fifty day moving average is $32.43 and its two-hundred day moving average is $32.62.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its holdings in Schwab 1000 Index ETF by 39.6% during the fourth quarter. Corient Private Wealth LLC now owns 17,460 shares of the company’s stock worth $573,000 after purchasing an additional 4,954 shares during the last quarter. Catalyst Investment Management LLC bought a new position in Schwab 1000 Index ETF during the fourth quarter valued at about $1,198,000. Cambient Family Office LLC bought a new position in Schwab 1000 Index ETF during the fourth quarter valued at about $775,000. Professional Financial Solutions LLC ADV bought a new position in Schwab 1000 Index ETF during the fourth quarter valued at about $305,000. Finally, Axxcess Wealth Management LLC bought a new position in Schwab 1000 Index ETF during the fourth quarter valued at about $292,000.

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.