Pinion Investment Advisors LLC purchased a new position in shares of Schwab 1000 Index ETF (NYSEARCA:SCHK – Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,644 shares of the company’s stock, valued at approximately $610,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. AlphaCore Capital LLC purchased a new position in Schwab 1000 Index ETF in the third quarter valued at $121,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Schwab 1000 Index ETF during the 3rd quarter worth about $2,237,000. Avion Wealth purchased a new stake in shares of Schwab 1000 Index ETF during the 3rd quarter worth about $29,000. Brighton Jones LLC purchased a new stake in shares of Schwab 1000 Index ETF during the 3rd quarter worth about $419,000. Finally, Parallel Advisors LLC acquired a new stake in shares of Schwab 1000 Index ETF during the 3rd quarter valued at about $101,000.
Schwab 1000 Index ETF Stock Up 2.5%
NYSEARCA:SCHK opened at $36.21 on Tuesday. Schwab 1000 Index ETF has a 52 week low of $30.30 and a 52 week high of $37.62. The stock’s 50-day moving average price is $36.82 and its 200-day moving average price is $35.18. The stock has a market capitalization of $5.67 billion, a PE ratio of 25.42 and a beta of 1.01.
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.
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